Condo foreclosure doesn’t eliminate new owners’ obligations to pay past owners’ association fees, IL Supreme Court says
The Illinois Supreme Court has ruled unpaid condominium association assessments are not erased through foreclosure, unless the new owner forks over their first post-purchase assessment payment on time, otherwise they have to pick up the tab. Read the article…….
There is no shortage of attorneys and collection companies in Florida working right now to collect the delinquent assessments owed
Rogers Towers: Defending Mortgage Lenders Against Attorney’s Fees Claims by Condominium Associations
Lenders foreclosing mortgages in Florida frequently encounter claims by condominium associations for past due assessments. Increasingly, those entities are extending
When owners are delinquent in paying assessments, an Association may wish to penalize the owner and provide an incentive to