There is no real way to answer your question. What is going to happen and what kind of costs and losses might be involved can only be guessed at with a lot more information. My only real suggestion is to take some control over you own fate and don't leave all the decisions to others. Get actively involved with your association, as a board member or otherwise, and then you can have some say over your own fate.
This answer is for general purposes only, and it does not create an attorney-client relationship.
You control what will happen to you...may want to try to list yours for sale before the others fall into the short sale process. Feel free to contact me at email@example.com should you have any additional questions. Regards, Thomas McCabe