Something isn't adding up here. You are current on ALL payments, but the HOA is still moving forward with a foreclosure to ONLY collect fees (late, attorney, etc.)? Have you spoken to the HOA? Do you know what their thinking is on this - what would the purpose be for them to foreclose for what is, essentially, a non-issue. Clearly, they are having a tough time with the economy, and they are trolling for dollars due to all the people who have stiffed them over the past few years. The "limit" on their fees is what is outlined in the HOA agreement, which I'm sure allow for the recovery of collection costs, attorney's fees, etc. Frankly, you need to immediately hire an attorney and see if you can stop the sheriff's auction, because once that happens, you are in a much-worse situation.
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