Statute of repose does not bar fraudulent concealment claim
A condo association will be allowed to proceed with a lawsuit against the original developers filed 15 years after completion of the project, and despite a 10-year statute of repose. A divided Illinois Supreme Court has applied a “fraud-based” exception to the statute of repose, to allow the condo association to move forward with those causes of action alleging fraudulent concealment on the part of the developer. Interpreting Illinois Statute § 13-214, the case is Henderson Square Condo. Assoc’n v. LAB Townhomes, LLC, 2015 Ill. LEXIS 1267 (Nov. 4, 2015). Read the article………….
It took nine months for West Yarmouth condo owner Meredith Keane to receive financial documents she had requested from her
Community associations traditionally contracted with locally owned and operated firms for management services. In recent years, however, large national and
The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging the homeowner association and property