Priority issues relating to mechanics liens can be confusing, to say the least. While statutes generally address these issues, and courts attempt to clear up any ambiguities, new uncontemplated circumstances arise on a daily basis, resulting in in ever more confusion. In 2011, the Nevada Supreme Court tackled yet another of these novel issues, hearing […]
Category: nevada mechanics lien
Nevada Supreme Court Rules on Mechanics Lien Priority
As reported by the Las Vegas Sun on March 3, 2011:“The Nevada Supreme Court has ruled that a bank has priority in collecting on its deed of trust after two multimillion-dollar, 20-story condominiums defaulted on their loan in Las Vegas. The court said Corus Bank had a preceding place over a mechanics lien, filed by […]