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Updated over 8 years ago on . Most recent reply

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Walter Logan
  • Chicago, IL
0
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7
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Can Condo Association Take Property if Paid off?

Walter Logan
  • Chicago, IL
Posted

Hi Bigger Pockets Community!

I'm new here and to Real Estate. A family member of mine has a condo that the monthly association fees's are a bit behind. Say 4 or 5 months behine.  I was wondering what's the procedure in Illinois with something like this? 

Most Popular Reply

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57
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23
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Ashour Rehana
  • Real Estate Broker
  • Chicago, IL
23
Votes |
57
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Ashour Rehana
  • Real Estate Broker
  • Chicago, IL
Replied

Joel F. Is correct. I believe they can force you to move out of the condo and rent it until the association fees are paid and any legal costs associated with it. However this would be a question for an attorney as it all depends on the associations bylaws and the owners legal right. I would consult with Ahmed Motiwala who specializes in Illinois Real Estate. He is very knowledgeable when it comes to issues like this.

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