HB3077 Summary

• Amends the Condominium Property Act to establish rules for purchasers at judicial foreclosure sales of condominium and common interest community units regarding liability for common expenses.

• Purchasers (other than mortgagees) who acquire units through foreclosure must pay proportionate common expenses that would have accrued in the 6 months before the collection action began, but only those amounts that remain unpaid by the previous owner.

• If outstanding assessments are paid during a collection action, the new purchaser has no obligation to pay assessments that accrued before acquiring title.

• Clarifies that these provisions do not create a statutory lien in favor of the association and requires foreclosure sale notices to state this assessment obligation.

• Applies these provisions to both master associations and common interest community associations subject to Article IX of the Code of Civil Procedure.