When a seller owes money to the condo association, the association's approval of the purchaser is typically contingent upon the association being paid in full at closing. This is typically specified in the estoppel letter issued by the association to the closing agent. This is a fairly standard procedure and your closing agent, who is hopefully a competent real estate attorney, would be able to coordinate this with the condo association. The typical Declaration of Condominium requires the written approval of the condo association or the transfer is void.
The foregoing is specific to the law and procedure in Florida. This response does not constitute legal advice as the facts presented are limited and unstated facts will likely impact your particular situation. This response is intended for general education only and does not create an attorney-client relationship. Please schedule a consultation with a local attorney for more specific and detailed answers to your legal issues.
Answered on Oct 29th, 2012 at 2:53 PM