Posterous theme by Cory Watilo

Filed under: condo

Chicago Past Association Dues - Do I have to pay the $9200 - Trulia Voices

Chicago Past Association Dues - Do I have to pay the $9200

Graham Evans
Home Buyer
Outside U.S.
Sun May 29 2011, 02:31 - Home Buying in Chicago - 13 answers

I bought a condo in Chicago last may 2010. I was told by the attorney that deals with the association that i have to pay the past association dues/lien, if this is not paid they could take possession of my unit. This worried me so i have been paying the past fees off and now owe $3600 of the $9200. I have been speaking with an agent in chicago about this' he seems to think that this may have been against the law for the association to make me pay all of the past dues. So i just want a second opionion please. Is this the case? Have i paid something i might not have had to pay?

I bought the property from a foreclosure company.

Any advice would be highly appreciated.

Thanks
Graham

Graham, The real question is how you bought the unit. You state that you bought the unit through a foreclosure company, but the question is did they provide you with a quit claim deed? If so then you may be responsible for all outstanding assessments. However if you purchased the unit at a judicial foreclosure sale, or you received title to the unit via deed in lieu of foreclosure or took possession pursuant to a court order under Illinois Mortgage Foreclosure Law, you shall have the duty to pay the unit's proportionate share of the common expenses for the unit assessed from and after the first day of the month after the date of the judicial foreclosure sale. Also what did your contract to purchase state? We have a phenomenal Condo Training Program at the Chicago Association of REALTORS in conjunction with Lakeside Community Development Corporation. Any condo owner and REALTOR should attend as condos have their own rules and regulations. Web Reference: http://www.chicagorealtor.com/displaycommon.cfm?an=1&am...