Try our Advanced Search for more refined results

Expert Analysis

Foreclosure Sale Purchasers Face New Risks In Illinois

Law360, New York (August 20, 2014, 12:59 PM EDT) -- A recent Illinois Appellate Court decision has brought to the forefront the ongoing dispute between foreclosure sale purchasers — usually mortgagees — and homeowners associations (HOAs) regarding the extent to which purchasers are responsible for HOA assessments. In a potentially significant ruling, the appellate court held that an Illinois foreclosure purchaser's failure to pay assessments that come due after the foreclosure sale could result in liability for all previously unpaid assessments, including those that accrued prior to the sale. 1010 Lake Shore Association v. Deutsche Bank National Trust Co., 2014 IL App (1st) 130962....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!