Whoa! Rebel Spy, isn't this your stomping ground?
Yes, I've been tracking the cases as they wound their way through the courts, and knew about the Supreme Court ruling.
I know a number of investors that were buying at HOA auctions (versus traditional foreclosure auctions), but it was very risky thing to do - the court case could have easily gone the other way as well. It's still risky, as that article doesn't mention, but the banks may have the right to buy back those liens.
In fact, I already developed a business model around that fact, and the Supreme Court ruling, last month when talking with a few other investors and a title company rep about the issue. Doubt I'll implement it, but there are some neat possibilities around negotiating the repurchase rights from the banks. ;)
If you're ever in Vegas, come to some of our REI meetups, they're very entertaining and high level. :)
