INVESTING IN A CONDO WITH A DEFUNCT HOA

[Vincent P.]

Hello BP- kind of an interesting situation. I am looking at a foreclosure being offered by the bank. Its a semi attached single family home in NJ. The thing is there is a master deed showing as a condo. The agent said there is no HOA or dues. The street is a small cul de sac, trying to find out how many other homes are also condos. Has anyone ever heard of this before? Could someone reinstate the HOA? Any input is appreciated. I will add more as i find out. Thank you