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…………


Related Articles

Governance Guidelines

There are basic expectations that apply to virtually any common-interest community. With this in mind, the Center for Community Association

Condo associations steadily building reserve accounts

Condominium assessments are escalating, but that’s not necessarily bad news. A good chunk of that money is headed for reserve

Risks and Rewards of Association Self-Management

There are both advantages and pitfalls for common interest realty associations (CIRAs or associations, plainly) that wish to self-manage.  A