Lender Liability for Construction Defects after the Sale of a Bank Owned, Foreclosed Property.

Distressed assets are certainly not uncommon to lending institutions during this turbulent economic climate. Lenders are in a very precarious position when selling “new” homes that have become bank owned assets after the foreclosing bank takes title to new homes built by defaulting contractors. At the South Carolina Construction Defect Blog we are going to … Continue reading Lender Liability for Construction Defects after the Sale of a Bank Owned, Foreclosed Property.

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