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 […]
Month: March 2011
Mountain Law: Contractors: Beware the mechanic’s lien trust fund statute
In Colorado, the mechanics lien trust fund statute results in many a contractor facing serious consequences for not properly paying their subcontractors and suppliers. Noah Klug of the The Klug Law firm recently published an article for the SummitDaily.com, entitled Mountain Law: Contractors: Beware the mechanic’s lien trust fund statute, which lays out the requirements […]