dc auction have a quick question

[Tony Sepassi]

There is a property that is coming up in the auction.  It is being foreclosed because the owner did not pay the condo fees total amount with legal fees is now $28K   I found out he got a loan in 2005 for $385K to buy the property, it seems he didn't even put a down payment.  I saw in the end of 2015 the lender assigned the deed to a trustee so to foreclose on the property and the amount is still showing $385K to be collected.

So in the past 11 years this guy didn't pay anything towards the the loan??   Can anyone explain how this can even be?