Banking Books Lien 
Green Building Law Update
JULY 24, 2016
The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.
Green Building Law Update
JANUARY 24, 2016
In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. There were not similar concerns expressed about commercial loans. Commercial PACE programs are still very new.
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Construction Lawyer
SEPTEMBER 22, 2005
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. Waivers of liens: fraud. The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable.
Construction Lawyer
MAY 21, 2009
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. Subcontractors Mechanics lien allowed where bank seized generals funds. 107108 (May 21, 2009), has ruled in favor of the subcontractor in enforcing a mechanics lien. May 21, 2009 in litigation , mechanics liens | Permalink.
Construction Lawyer
APRIL 20, 2009
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. Idle Equipment not entitled to Lien in Missouri. A Missouri court has affirmed a trial court ruling in favor of a lien claimant, but at an amount reduced by the trial court to reflect the value of the idle time for the equipment.
Construction Lawyer
JULY 22, 2005
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. Watch for Bank Shield Laws in Dealing with Lenders. A developer found out the hard way about laws that shield banks. Thus, the bank won and the developer was left to deal with the subcontractors. Invalid URL. Recent Posts.
Green Building Law Update
SEPTEMBER 11, 2016
In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent to a PACE loan is required. Maryland is typical.
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