Super Cheap Baltimore home but the contract says...

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This:

"BUYER UNDERSTANDS AND ACKNOWLEDGES THAT THE PROPERTY MAY BE ENCUMBERED BY MECHANIC’S OR MATERIALMEN’S LIENS OR OTHER LIENS, JUDGMENTS OR ORDERS RESULTING FROM ALLEGED VIOLATIONS OF LOCAL ORDINANCES AND BUYER IS TAKING SUCH PROPERTY SUBJECT TO THOSE LIENS, WHICH MAY OR MAY NOT IMPACT BUYER’S ABILITY TO OCCUPY OR TRANSFER THE PROPERTY IN THE FUTURE."

This was an online auction purchase at a great price.  I got it under the reserve price.  Title insurance can't help me in this situation, can it?  How would you approach this situation?

[Jeffrey H.]

If you buy a property with that contract provision, you provide a deposit, then your title company turns up a bunch of those liens on the property, then you refuse to buy the property as a result of those liens, your deposit is history. 

I would have a title company research it before providing a deposit. Or not buy it.