Buying a property and title search came back with judgments.

[TJ C.]

I am due to close on my first duplex in PA in about two weeks and the title search just came back with judgments (about $42k) and liens (about 8k) for the seller, who owns the property outright. What does this mean to me? I spoke with the seller and he states he is going to negotiate this down and pay it so he can sell the place but my question is this- what do I do? From my understanding all of the 50k would need to be paid (or the negotiated total) prior to me being allowed to settle, correct? Would he have the options to pay the 8k of liens and create some sort of negotiated plan for him to pay the rest of the 42k after he sells since he owns it outright? Lets say best case scenario it does get settled and a clean title search comes back, is there anything else I should watch out for? Any advice or guidance would be greatly appreciated as I am completely new to RE investing. Thanks!

[John Underwood]

The attorney will have to pay these off from the sellers proceeds at closing. Then you should get a title insurance policy giving you warranty on the the title of property.