Insurance dispute at trial in Judge Crowder’s courtroom (IL)
According to the complaint, a fire severely damaged the condominium structure on June 20, 2012. At the time of the fire, insurance policies covering the loss had been previously issued by the defendants and were allegedly in full force. The plaintiffs seek a determination of the rights of the association and individual unit owners under the noted policies. They also seek a declaration noting that the policies are immediately due and payable. Read the article…………….
U.S. Supreme Court ruling preserving second mortgages in Chap. 7 bankruptcies exposes flaw in bankruptcy code for community associations
The recent decision by the U.S. Supreme Court in the case of Bank of America v. Caulkett represents an important
Appendix A, Project Certification, of the FHA condominium project certification approval guidelines, has been amended by FHA effective immediately. A