The Illinois Supreme Court created potentially hazardous territory for lenders who take title to condominium property via foreclosure lawsuits. In 1010 Lake Shore Drive Ass’n v. Deutsche Bank Nat’l Trust Co., the Supreme Court held that liens for unpaid condominium assessments are not extinguished unless the lender pays post-sale assessments and in doing so it upheld a money judgment against a lender for unpaid assessments which were the debt obligation of the prior unit owner. Read the article…………..
No two communities are identical; each community has various factors which influence what type of…
Tenants in condominium communities are often viewed as challenging, since they may not be familiar…
When Ken Baker purchased his home in Timber Springs in 2022, he was glad to…
Many associations struggle with a poor manager relationship, resulting in frustration for both sides. However,…
Homeowner associations in Dubai have started to receive approvals from RERA to use their emergency/reserve…
New York City has never been particularly cheap, and annual insurance costs make living in…