Legal Question in Real Estate Law in Illinois
lame condo association
8 unit condo building with 1 unit under foreclosure. Association president resigned 11/2 yrs ago r/t bylaws not being followed. Association has treasurer, sectretary and refuses to have meetings or elections. What can I do to remedy this situation?
thanks.
1 Answer from Attorneys
Re: lame condo association
Hello. This is a very serious problem. I have
advised many others in similar situations. You
need to hire an attorney and this matter should
be taken to the chancery court which is a court
of equity. The proper complaint should be prepared and filed to force the condo association to conduct business, pursuant to the terms of the bylaws. You should act quickly as
with any legal matters since time is of the essence. I am sure you have quite a financial investment here and you want to protect every dollar!! I would not suggests that you do this, without a lawyer. Condominiums are great, but small ones can be a terrible experience when the
board "drops the ball". Will be happy to discuss
this with you further.