Condo Ass'n Options to Collect Unpaid Fees
What options does a condo association have to collect past-due association fees?
There was a question in today's Chicago Tribune concerning a condo owner who owed $22,000 in association fees. The 'expert' answering advised that should the property go to foreclosure the association would be unlikely to collect anything, which I understand, their claim being secondary to that of the mortgage holder. But then he said that the association should have more closely monitored the situation and not allowed the unpaid balance to grow so large.
I don't understand what he's talking about. What could or should the association have done to collect?