Michael Hunter

March 24, 2014 12:00 AM

Is it wrong for HOA board member to bid on foreclosed home?

Q: Our board is foreclosing on a condominium unit within our homeowners’ association. One of the board members is considering bidding on the unit when it goes for public sale at the courthouse. Is it considered a conflict of interest for a board member to profit from a foreclosure decision that he was a part of?

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