It is fairly unusual for a HOA or Condo Association to foreclose- they usually wait until a sale and collect the past due assessments at closing.
I recently was involved in an HOA issue where a 1268-home subdivision foreclosed on a delinquent homeowner who owed $4000+. Those fees were incurred when the non-paying homeowner failed to respond to letters and certified letters and finally an attorney needed to become involved. After 3 years of failing to respond, the homeowner finally answered after receiving a foreclosure notice, but by then it was too late because he had not accepted the certified letters warning that foreclosure was looming. A neighbor asked if it was an abuse of power for the HOA to foreclose and added that it was unfair to the delinquent homeowner. That's not the issue. The issue was, if the HOA had not acted after showing incredible patience, it would have been unfair to the existing homeowners who had been keeping up their payments.
Laws may vary from state to state.
Sam Wagmeister, Realtor
Las Vegas & Henderson Nevada
Prudential Americana Group Real Estate