Common Charge Liens

seller....of course if you have a bad lawyer and no title insurance it's not impossible to find yourself responsible later.

basically you acknowledge it and the amount in your contract of sale and you'll be cutting a check deducted from the purchase price for the amount owed (if you want clean title)at closing.

Doing some ACRIS research on a unit and I find a Lien of Common Charges.

No big deal wistletown
Well it tells you the seller needs money which may be good for you.
The downside is there is a good chance it has an underwater mortgage which means you'll either
a) overpay
b) wait for the short sale
c) wait for the bankruptcy/foreclosure
d) the seller will agree to an amount less than the mortgage on it and cut a check to the bank for the difference after selling to you.

Do not purchase or refinance without contacting Mike Scarsellato at Entitle Direct (a direct title insurance underwriter) for the absolute lowest title insurace rates/premiums. 877-936-8485x6276