After an order for possession and judgment is entered, our hope at Kovitz Shifrin Nesbit is that the case is near completion. It is considered to be almost complete because (1) the homeowner will pay what is due prior to the expiration of the stay date on the Order for Possession or (2) the Order … Read More ›

Decided by the First District of the Illinois Appellate Court on April 20, 2016, State Place Condominium Association v. Magpayo confirms that in order for an owner to regain possession of their Unit which has been lost to the Association pursuant to a judgment for possession, the full default must be cured, and such default … Read More ›

To the benefit of Associations who are hit hard by the foreclosure crisis, the First District Appellate Court recently held that third-party purchasers cannot circumvent payment up to six months of the prior owner’s assessments if the lender uses a subsidiary to purchase the property at the foreclosure sale.

In Wing Street of Arlington Heights Condominium … Read More ›

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 ›