I see the county auctioning condo properties, both for condo associations and banks. I understand a bank foreclosing on the property. How is it that an association (bank is not included on the final judgement)can do this? What happens to the bank's interest in the matter? Is this a scheme facilitated by the county where the condo gets their fees paid and then after the buyer has paid for the deed at auction, the bank steps in and forecloses on an overpriced previous mortgage? Doesn't this just recycle an already glutted market, or is there some protection for the new buyer?