The title search reflected a very old (2010) HOA lien on the unit in the records - the HOA has acknowledged that no payments are outstanding and were paid off in 2010 itself.

Finally as Matthew mentions make sure that there are no outstanding or impending liabilities to the business.Highly recommend that you work with knowledgeable and qualified professional who understand the details about mergers and acquisitions to best guide you through the process.

He does outstanding work and will shoot straight.

., and the onus would then be on the seller to settle any outstanding liens at closing (assuming they are less than the purchase price, they could come out of the seller's proceeds on the settlement statement and be paid by the title company).

@Nick Apada There is no real way to know what the outstanding hoa debt is prior to bidding, unless you can get them to give you a ballpark, which they are not supposed to do, but sometimes will.  

Hi gys,I noticed sheriff auctions notice in NJ publishes a Judgement Amount in Hudson County, and Upset Amount in Bergen County.First off - am i right that these are the numbers close to the lender's outstanding debt plus costs?

I was saying, buyer pays the full outstanding balance on the mortgage. and then some more to the seller in default. 

The interest rate on the note is 5.5%, payments are interest only or more,and all outstanding principle is due the beneficiary twenty years from closing.If the underlying note of $1,100,000. were bank financed, and I wanted or needed tosell, I would need to attract a buyer who was willing to get all new financing throughsome means, or write a very big check at closing.

. - and then your second problem is that you only make money while the lien is outstanding.

No recorded COA liens, but have to assume there are some outstanding fees.