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…….
Members of the governing boards of the county’s 1,000-plus condo associations and HOAs will soon be required to watch a
Collecting assessments has never been an easy job. There are pitfalls lurking around every corner and innumerable requirements waiting to