Illinois App. Court (1st Dist) Holds 7-Month Delay in Paying Overdue HOA Assessments May Not Extinguish HOA Lien

The Appellate Court of Illinois, First District, recently reversed a trial court order granting summary judgment in favor of a mortgage servicer and against a condominium association (COA) holding that a material question of fact existed regarding whether the servicer promptly paid assessments that accrued after the foreclosure sale, as required under section 9(g)(3) of the Illinois Condominium Property Act to extinguish the COA’s lien for pre-foreclosure sale assessments.    Read the article…………..

Editor

Recent Posts

ADUs: Strategic Solution to California’s Housing Shortage

Recent California laws enacted in 2023 and 2024, make it easier for homeowners to obtain…

12 hours ago

The Future of Condominium Living: Trends and Predictions

The condominium living experience is evolving rapidly, influenced by technological advancements, demographic shifts, and changing…

12 hours ago

HB 1203, Effective July 1, 2024, Changes HOA Fining Requirements (FL)

When Florida lawmakers concluded their 2024 Legislative Session, a number of bills passed that affect…

13 hours ago

New Requirements for Condominium Association on Inspections of Official Records

The Florida Legislature adopted House Bill (HB) 1021, which was recently signed into law by…

13 hours ago

HOA board wants to eliminate parking policy (NV)

Q: Our homeowners association has private streets and has a formal parking policy that simply…

13 hours ago