Real Estate Law News and Insights

Key Takeaways Under Article 3-A Of The Lien Law From A Recent Ny Appellate Court Decision

Published: Oct 06, 2024
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The New York Appellate Division, First Department, recently revisited several legal principles of Article 3-A of the New York Lien Law in the case of Flintlock Construction Services, LLC v. HPH Services, Inc., 230 A.D.3d 446 (1st Dept. 2024). The court's ruling provides important clarifications on personal liability, standing in trust...

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Demystifying The Out-Of-Court Foreclosure Process

Published: Sep 28, 2024
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By
Mezzanine lenders looking to foreclose on their collateral have the advantage of being able to pursue remedies outside of court. But the process, which is described in the Uniform Commercial Code (UCC), is often ill understood and can seem daunting. In this article, we aim to simplify the process, explain...

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Is There A Penalty When A Contractor Does Not Finish On Time?

Published: Sep 17, 2024
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Whether or not there is a penalty for a contractor failing to finish on time depends on what the contract says about the completion date and what happens if construction is not completed by that date. Because the contracts are so very different in residential and commercial construction, I will...

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