Neil S. Talegaonkar, Esq. | ThompsonMcMullan | March 18, 2015 Some of you may recall the George and Ira Gershwin song, They Can’t Take That Away From Me made famous by Fred Astaire and Ginger Rogers in the film, Shall We Dance. A recent amendment to a mechanic’s lien statute will limit general contractors’ ability to… Continue reading They Can’t Take That Away From Me. Well, At Least Not At First.
Tag: Mechanics Lien Law
The Danger of Settling Disputes: Novation
John Paul Nefflen | Burr & Forman LLP | February 25, 2015 Resolving business disputes before filing a lawsuit is efficient, cost effective – and sometimes dangerous. At least that’s what an architect learned when he tried to settle a pay dispute with the owner of a luxury condominium development. His efforts nearly cost him… Continue reading The Danger of Settling Disputes: Novation
Utah Clarifies Lien Amounts and Bonding Requirements
A Cautionary Tale for General Contractors
Hopkins & Carley | November 25, 2014 Construction lenders often go to great lengths to ensure their deeds of trust have priority over mechanic’s liens. Typically, as part of the construction loan process, general contractors are asked to sign documents consenting to the owner’s assignment of the construction contract to the lender. According to a… Continue reading A Cautionary Tale for General Contractors
California Court Holds Mechanic’s Lien Claimants Entitled to Pre-Judgment Interest of 7 Percent, Not 10 Percent, Against Non-Contracting Property Owners
Traub Lieberman Straus & Shrewsberry LLP | November 20, 2014 Under California Civil Code (CC) Section 3289, a mechanic’s lien claimant may obtain pre-judgment interest against contracting property owners calculated at 10 percent per annum from the date of breach. In Palomar Grading & Paving, Inc. v. Wells Fargo Bank, N.A., et al. (2014) 230… Continue reading California Court Holds Mechanic’s Lien Claimants Entitled to Pre-Judgment Interest of 7 Percent, Not 10 Percent, Against Non-Contracting Property Owners