Tag: Foreclosure

Collecting Assessments from Condominium Units In Foreclosure

  CONDOMINIUM UNITS IN FORECLOSURE DURING A RISING REAL ESTATE MARKET In 2017, Illinois had the fourth highest rate of foreclosure filings in the United States. While the overall number of foreclosures being filed is […]

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Clarification on Six Months Rule

APPELLATE COURT PROVIDES SOME CLARITY ON SIX MONTHS RULE Under Section 9(g)(4) of the Illinois Condominium Property Act, a foreclosure purchaser, other than a mortgagee, or a third-party who purchases a foreclosed unit from a […]

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Illinois Supreme Court Upholds Appellate Court Ruling in 1010 Lake Shore vs. Deutsch Bank

On December 3rd, the Illinois Supreme Court issued an opinion confirming the holding of the First District Appellate Court in the case of 1010 Lake Shore Association vs. Deutsche Bank National Trust Company. If you are reading this article, you […]

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Options for Collecting Unpaid Assessments

Trauma Evictions Collections of Assessments and Other Sordid Tales Assessment Collection for Community Associations I. Obligation to collect assessments While few take pleasure in pursuing their neighbors, friends, colleagues, etc. for the […]

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