Appellate Court Rules In Favor Of Association To Recover Unpaid Assessments From Third-Party Purchaser (IL)

To the benefit of Associations who are hit hard by the foreclosure crisis, the First District Appellate Court recently held that third-party purchasers cannot circumvent payment up to six months of the prior owner’s assessments if the lender uses a subsidiary to purchase the property at the foreclosure sale.    Read the article…………..