An entity will need to be done pretty soon if you have anything to lose.Always remember to do the math analysis and try to look at the prospective property or at least have a clause in the sales contract that allows you some time (usually about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.  

Parking the money in the bank is going to cause you to loose buying power.

Are you talking about tax sale or mortgage sale overages?

The lender may list it for sale as a foreclosure property in the future".Treat it the same way you would any other Offer: stick with numbers that work for YOU!

Including roof or exterior, since obviously the HOA is not in control and has no capital reserve.My question is, how is this going to affect the future sale of the townhome?  

Greetings all, I'm a technology sales and marketing manager that is looking at purchasing my first duplex or multifamily house.

Because there are over 400K properties it takes alot of processing power in my computer.

However, both parties have agreed to sale at a price that I can agree upon. 

@Raven Walker - there are several strategies to buying TAX LIENS or buying properties that have tax liens, or buying at TAX LIEN FORECLOSURE SALES...it gets complicated, but that means not many are doing it...if you have more time than money to invest, i'd research the heck out of it, and see if you think you can find an angle that you like. 

Would you recommend taking the real estate course and becoming a sales person first?