Short sales are presently dominating the real estate sales market and many buyers are electing to purchase these properties because of the often substantially reduced prices. However, buyers of these properties should exercise caution and consult with an attorney before buying. One often overlooked pitfall for the unwary buyer is a provision of the Illinois Condominium Property Act that was put in place in 2007. This change can make the buyer responsible for paying up to six month's of the seller's liability for the assessments levied against the property and remaining unpaid after foreclosure. Thus know what you are getting into before you sign that purchase contract.  Set forth below is the referenced change.