Recently, Illinois Courts have handed down opinions that provide valuable insight for condominium associations that seek to recover unpaid assessments when banks foreclose on mortgages. Below are brief synopses of each.

 Pembrook Condominium Association-One v. North Shore Trust & Savings

In Pembrook Condominium Association-One v. North Shore Trust & Savings, the Illinois Second District Appellate Court held … Read More ›

When a homeowner falls behind his or her monthly condominium assessments, the Association’s Board can turnover that account to our offices to begin the collection process. The process entails our offices sending a demand for possession whereby the homeowner is given 30 days in which to pay the debt. In the event the homeowner … Read More ›

In the recent months, as there has been a general improvement in the real estate property values, the number of foreclosure sales with surplus funds has increased. In other words, there are more foreclosure cases now where the properties are sold at a foreclosure sale for an amount that is higher than the amount of … Read More ›

Kovitz Shifrin Nesbit is pleased to announce the relaunch of its website www.ksnlaw.com. The site will bring together ksnlaw.com, ksnlaw.net, and ksnlawblog.com under one web page and feature the law firm’s updated logo.

“Technology is continually re-shaping our industry,” says Managing Principal and Executive Committee Member, Robert Kogen. “We are going to … Read More ›