Monday, May 20, 2013

Now That's A Lot of Liens!

The foreclosure lawsuit of the historic Union Trust Building in Downtown Pittsburg has pitted a big California bank against local contractors. The building was constructed in 1916 by Henry Clay Frick, and recently completed extensive renovations.  The bank, California National Bank of Long Beach, filed the lawsuit because about 10 different contractors filed $3.57 in mechanics liens.  The bank claims the Pennsylvania mechanics lien filings are a breach of the loan agreement with the owner of the Union Trust Building.  The contractors are hoping that the filing of the mechanics liens and the resulting foreclosure suit will result in the owner finally paying them what is is owed for the work they performed on the property.

1 comment:

  1. Prime Construction & Remodeling LLC is a full service design and construction firm servicing the entire state of New Jersey. With a commitment to communication throughout the construction process, our goal is to establish long term relationships by exceeding expectations and building trust through exceptional performance. Our business standard is reflective upon our core values – professionalism, honesty and integrity. That’s why our biggest business is repeat business.

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