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Generally, it's common knowledge that bankers are not in the real estate business, and when they become involved in it, they are 'not very good at it'.

Assessments are owed by the title holder. When the bank holds the title, the bank owes the assessments. They may not know this, and can be reminded by the board. Association counsel may be involved, if a stronger, more firm voice is required.

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Q: If a bank foreclose on a condo or townhouse is the bank then responsible for the maintenance fees in the state of Illinois?
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