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Owner cant sell condo unit because of lien on the association


Question:

I own a condo in Rhode Island. I put the unit on the market one month ago. Several days before my scheduled closing, my realtor informed me of a lien placed on the condo association as a whole by a landscaping company. The condo association never informed any of the unit owners that a lien was placed on 7/23/11. Were they required to inform us of this information as it prevents the sale of any units. The buyer of my unit cannot get financing and has proceeded to back out of the deal. I moved out since I was not led to believe that there would be an issue from my realtor. Now I cannot sell the condo at all and I have to rent and pay for storage. Also, I proceeded to obtain a construction mortgage for a new home. I am in a mess if I cannot sell this condo.


Answers (8)

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