Any of the low sales $ are subject to 1st lienholder. Nobody is getting one of these free and clear for $1,000.
Many people are taking risk by purchasing HOA and Condo liens until the bank forecloses. It gives the buyer Certificate of Title, but not clear title, meaning they have control over the property until the 1st lienholder forecloses. This can take years and currently if the original lender does not sue for foreclosure or get summary judgement within 5 years, the person who owns the certificate of title could get the property free and clear.