Potestivo & Associates

223 W Jackson Boulevard, Chicago, IL 60606

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

By Dan Churney | Monday, 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.