In the Pennsylvania Superior Court case (Commerce Bank v. Kessler), the court held that an open-end mortgage recorded after commencement of construction on the mortgaged property does not have statutory priority over a subsequently recorded mechanic’s lien unless all of the proceeds of the loan are used to pay the costs of completing erection, construction, […]
Author: Stephen
Minnesota: What contractors need to know about the Contractor Registration Pilot Project
The following article was written by Michael B. Lapicola and Hanna L. Terhaar of Faegre Baker Daniels. Beginning in July, 2012 and before September 15, 2012, most contractors and subcontractors in the building construction industry will be required to register with the Minnesota Department of Labor and Industry in the Contractor Registration Pilot Project (“Pilot Project”). It […]
Supreme Court Avoids Ruling on RESPA Case
In an anti-climactic conclusion to a closely-watched case, the Supreme Court has dismissed the appeal in First American Financial Corp. v. Edwards. In a one-sentence per curiam order, the Court simply stated that “the writ of certiorari is dismissed as improvidently granted.” Before the Supreme Court this term, the First American Financial matter related to the “standing […]
Filing Your New Mexico Lien
New Mexico Lien Law Who Can File: Anyone who contributes to the the project can file a claim of lien. New Mexico […]
Leasing Space? Flexibility Is Key
Chip Leyens, Baker Donelson Real Estate Attorney, shares tips on what to look for when leasing space for your new business. Please click here to view video.