The Alabama Supreme Court overturned on Friday, July 18, two lower court decisions in a lien law case that an LBM group helped bring to the justices. The court decided mechanics' liens get priority over home purchase loans when the lien is filed after the construction loan is closed and the mortgage loans were recorded. More
The Alabama Supreme Court hear oral arguments in June in a lien law case that revolves around whether mechanics' liens or home purchase loans get priority when the lien is filed after the construction loan is closed and the mortgage loans were recorded. More
While it's too early to determine the full extent of Hurricane Katrina's long-term impact on the building industry, materials costs, and the overall economy, it's clear that the immense toll it has taken on the people who live and work in Louisiana, Mississippi, and Alabama has been immediate and catastrophic. More
