Section Newsletters

Articles From Blake A. Strautins

‘Prompt’ payment no longer necessary to extinguish pre-foreclosure sale condo assessments By Blake A. Strautins & Michael R. Schumann Commercial Banking, Collections, and Bankruptcy, May 2018 A recent Illinois appellate court decision provides further guidance in determining when a judicial foreclosure sale purchaser should starting making assessment payments to extinguish a condominium association’s lien for prior unpaid assessments.
Timing is key: “Prompt” payment needed to extinguish pre-foreclosure sale condo assessments By Blake A. Strautins & Michael R. Schumann Commercial Banking, Collections, and Bankruptcy, April 2018 The court in Country Club Estates Condominium Association v. Bayview Loan Servicing has clarified Section 9(g)(3), holding that the purchaser of a condominium at a foreclosure sale must make “prompt” payment of post-sale assessments.

Spot an error in your article? Contact Sara Anderson at sanderson@isba.org. For information on obtaining a copy of an article,visit the ISBA Newsletters page.

Select a Different Author