Legal Question in Real Estate Law in Illinois

if I go into foreclosure on my condo, who is responsible for the taxes and the monthly assesments?


Asked on 10/28/10, 8:02 am

3 Answers from Attorneys
Caroline Palmer Law firm of Caroline Palmer

You are as long as the deed is in your name.

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Answered on 11/02/10, 8:08 am
Leon Teichner Leon J. Teichner & Associates

while you are technically responsible, the assessor does not file a personal complaint for payment nor sue on the real estate taxes; and lenders have not been suing for a deficiency judgment-so it will probabnly fall on the lender's side to pay those charges.

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Answered on 11/02/10, 8:51 am
Charles Dobra Charles Wm. Dobra, Ltd.

The lien of taxes is filed in the chain of title to the parcel of real property. Assuming that you file a petition under the US Bankruptcy Code, you could discharge your personal obligation to pay.

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Answered on 11/02/10, 8:59 am


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