Despite a previously aggressive outlook from the U.S. Bureau of Labor and Statistics, construction spending fell again for the second straight month in February of 2012. In the second month of the year, construction spending fell by the largest amount in seven months. Widespread weakness in spending on home building, office construction and government projects […]
Month: April 2012
Michigan Construction Lien Act, Michigan construction liens, Michigan lien priority, Michigan mechanics liens
Michigan Construction Lien Act Visible Improvements Construed In Favor of Lienors
In past blogs we have highlighted recent case law in Montana and Nevada that permitted priority to construction liens where visible work was performed on a property prior to the issuance of a construction loan. In this blog, we’ll take a look at another State’s rules on priorities of liens where work was performed before […]
construction lien priority, lien priority, mechanics lien priority, new york construction lien, new york mechanics lien
Shifting Construction Lender Priorities Can Be A Boon for Lien Claimants
New York is a big state with a lot of property changing hands, a lot of financing moving forward at fast clips, and a lot of paperwork being filed with county clerks. With so much going on, NY predictably created a complex system of laws relating to when, how and where closing papers such as […]