We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 86

Illinois Fed. Court Holds No ‘Bad Faith Denial Of Coverage’ Against Title Insurers in Illinois
  • Maurice Wutscher LLP
  • USA
  • August 1 2017

The U.S. District Court for the Northern District of Illinois recently held that a title insurer may exclude coverage under the exception for defects


Keeping Your Place in Line: Title Insurance Protections for Construction Loan Disbursements
  • Pillsbury Winthrop Shaw Pittman LLP
  • USA
  • May 18 2017

Most construction loans contemplate multiple advances or disbursements of funds at various stages of the construction project. The construction loan


Construction Completion Guaranty: Worthwhile for a Guarantor to Negotiate
  • Freeborn & Peters
  • USA
  • May 8 2017

In a construction loan, the real property securing the loan does not achieve its underwritten value until construction is complete and the project is


NJ Supreme Court Keeps Its Priorities Straight: A Later-Filed Mortgage Can Have Priority Over An Earlier-Filed One
  • Porzio Bromberg & Newman PC
  • USA
  • July 22 2016

Monopoly houses (pd) If you are like me, nothing piques your interest more than a case about the priority of liens and mortgages. I am joking of


Construction Financing and Mechanics’ Liens in Connecticut
  • Murtha Cullina LLP
  • USA
  • May 10 2016

Bankers and other professionals who have worked on construction loans in states other than Connecticut will know how much of a pain it can be to make


Does preparatory site work, such as clearing or grading, constitute commencement of construction for purposes of lien priority?: The dangers of failing to file a notice of lending and when a contractor’s mechanic’s lien takes priority over a construction loan mortgage
  • Haynes and Boone LLP
  • USA
  • January 27 2015

From a construction lender's perspective, intuition would say that a subcontractor's lien rights would never take priority over that of the lender's


Mechanics lien subordination: Illinois further limits construction lenders’ ability to ensure priority against mechanics liens
  • Sheppard Mullin Richter & Hampton LLP
  • USA
  • September 18 2014

On July 16, 2014, Illinois enacted Public Act 98-764 (Senate Bill 3023) (“SB 3023”), which amends the Illinois Mechanics Lien Act (770 ILCS 60 et


Pennsylvania Mechanics' Lien Law amended, clarifying open-end construction loan mortgage priority
  • Duane Morris LLP
  • USA
  • July 16 2014

On July 9, 2014, Pennsylvania Governor Tom Corbett signed into law Act 117 of 2014, which amends the Pennsylvania Mechanics' Lien Law (MLL), 49 P.S


PA Mechanics Lien Law amended to clarify open-end construction loan mortgage priority
  • Duane Morris LLP
  • USA
  • July 15 2014

In May 2012, the Pennsylvania Superior Court issued its decision in Commerce BankHarrisburg, N.A. V. Kessler, effecting fundamental change in the


Show me the money! California confirms scope of private lender’s duty to withhold payment pursuant to stop payment notice
  • Gordon Rees Scully Mansukhani
  • USA
  • June 4 2014

Traditionally, the contractor's mechanic's lien remedy on private projects was a highly effective mechanism for securing payment. As large