Please find a broker who will do their research and not make quick judgement as to the situation at Colina Condos. I, for one, do not have a lien attached to my unit. The assessment in my opinion was very fair, and upon purchasing your unit, you may negotiate/adjust the price to lift the lien on the property.
On the other hands, as my colleagues have pointed out, buying elsewhere is another possibility, or buying all cash yet another.
J. Mario Preza, CRB
There was a special assessment as of 1/16/09 for $1,418,000 to cure a notice of violation issued from the city of So. San Francisco Fire Prevention Division. There are no other assessments at this time, however there are no lawsuits pending but the HOA is having problems collecting delinquent HOA fees. This could cause a problem for anybody who wants to finance the purchase in that complex. All cash is the way to go if you really want to buy in that complex.
If you can find a another deal somewhere else, go for it.