Legal Question in Real Estate Law in Illinois
Condo Assessment Judgement
I have a judgement against me for condo assessments owed. Of the total balance due...a third of the amounts owed is legal fees.
Do I have any recourse?
3 Answers from Attorneys
Re: Condo Assessment Judgement
Make an offer to settle with a lump sum payment if you have the money Often, a creditor will give a discount, sometimes as much as 1/3rd off.
Re: Condo Assessment Judgement
In theory, you could go in for up to a year after a judgment is entered; it's called a 2-1401 Petition. Realistically, you have a much better chance going in within 30 days on something called a 2-1301 Petition (or Motion).
But short of that, the legal fees have been approved by a judge. So I can't think of anything else you could do. On the other hand, depending on what has happened with the property, a buyer of a condo (at a judicial foreclosure auction, for example) would potentially be responsible for 6 months of the assessments. So I think that would be a set-off for you. But I don't know if that's your situation.
Re: Condo Assessment Judgement
yes, file a motion to vacate.
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