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Condo foreclosure doesn't eliminate new owners' obligations to pay past owners' association fees, IL Supreme Court says

Dan Churney Dec. 7, 2015, 11:59am

The Illinois Supreme Court has ruled unpaid condominium association assessments are not erased through foreclosure, unless the new owner forks over their first post-purchase assessment payment on time, otherwise they have to pick up the tab. The high court’s decision was delivered Dec. 3 by Justice Thomas Kilbride, with the rest of the court concurring.