A new and powerful tool to compel prompt payment of assessments

On December 3, 2015, the Illinois Supreme Court entered its order in 1010 Lake Shore Association v. Deutsche Bank National Trust Co. In a unanimous decision written by Justice Kilbride, the Court held that a post-foreclosure mortgagee was liable for the full balance of unpaid assessments, even those which accrued prior to its foreclosure of the property under Section 9(g) of the Illinois Condominium Property Act 765 ILCS 605/9(g).          Read the article…………