Is your condo building trying to deconvert? Here is important information you need to know.
Are you hoping to deconvert a condo building you own?
Did you get a notice from your condo board that your building is going to vote on deconverting?
The law in Illinois recently changed, giving unit owners more opportunities to slow or stop the process of deconversion, and raising the number of unit owners required to agree to begin the deconversion process. More information is available here, on the fact sheet from the Illinois Department of Financial and Professional Regulation.