I was trying to do a deed-in-lieu with my mortgage
company. My title is clear. Everything would have been a GREEN LIGHT except for this one issue. I had a summary judgement for a forcible detainer lawsuit awarded against me by my condo association
condo association NEVER filed a "lien" for the special assessment (and I found out later that they didn't do this because they KNEW/KNOW that their lien would have been "extinguished" by Illinois law if they had). My mortgage company is not willing to satisfy
the special assessment amount. So, now..... I am in the predicament of waiting every 13 months to see if my condo association "recoups" this special assessment amount (which is $7,800+ at present). So to summarize: 1). My debt to my mortgage company was discharged
in a bankruptcy back in 2007. 2). The only thing "holding" me to this property is simply that my name is ***** ***** the title. 3). I just need to know what I should do at this point? I know the condo association can go back to court every 13 months to ask for
more time in order to recoup their money.....but my question is.....CAN THIS GO ON FOR EVER???? I mean, this would prevent me from ever repurchasing other property right and keep me "TIED" to this property for Lord knows how long (sigh). Any feedback will
be much appreciated. Thanks!