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Old 08-01-2017, 02:15 PM   #5
Travis Munroe
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Join Date: Feb 2009
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This is correct, if the special assessment has been issued, the lawyer will requests a clean estoppel certificate which means the special assessment is to be paid. I just had a buyer buy in a complex with some big special assessments that are being issued on a phase 1,2 and 3 basis. Phase 1 was issued and the seller had to pay this. We then estimated phase 2 and 3 and included that in our reduced purchase price. The buyer will pay the new special assessments but even after doing so, they will come out ahead with a good deal.
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