Over the last few months there have been several significant commercial law cases in Arizona. These have included four Court of Appeals and three Supreme Court cases, each addressing common loan document provisions and...more
7/18/2017
/ Attorney's Fees ,
Balloon Payments ,
Banking Sector ,
Choice-of-Law ,
Commercial Loans ,
Contract Terms ,
Deed of Trust ,
Foreclosure ,
Guarantors ,
Late Fees ,
Promissory Notes ,
Secured Debt
A recent Arizona Court of Appeals decision highlights a lien priority risk for secured construction lenders when the financed project fails. The problem—known as a “vendee lien”—is most likely to arise when up-front deposits...more