Posted by JoeS on May 24, 2005 at 10:16:15:
There are several ways to handle this but here is the simplest, in my opinion. First of all, did you or the seller do a Title search? This will determine what is on the Title for judgments and liens. If not, then do it first. If already done then get a total amount for the liens, determine what price the property could be bought for with a clean Title then subtract the amount of the liens and judgments from that price. Easy enough.
I have found this to be the easiest way around this. There are any number of creative ways to get it taken care of.