Foreclosure law — condominium payments, timing

Posted June 12, 2018 12:49 PM

Where the purchaser of a condominium at a judicial foreclosure sale makes relatively prompt payment of fees and expenses, such a payment confirms the extinguishment of any lien from the prior owner’s unpaid assessments even if it does not occur in the month after the sale has occurred or does not fully cover the amount owed in new assessments.The 1st District Appellate Court reversed and remanded a decision by Cook County Circuit Judge Diana Rosario.West Columbia Place Condominium Association board filed suit against …

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