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Surprising Shakeup in Construction Lending: New Law Kisses Kessler Goodbye

On July 9, 2014, Governor Tom Corbett signed into law Act 117 of 2014 which amends the Mechanics’ Lien Law to grant lien priority to open-end mortgages over mechanics’ liens, provided that sixty percent (60%) of the proceeds of such mortgages are used for construction costs. This amendment clarifies the 2012 Superior Court of Pennsylva...

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Matthew Green and Michael Phillips' Win Listed as Top PA Settlement of 2012

Obermayer's Matthew Green and Michael Phillips' $1.14M construction defect claim settlement was listed as a Top Pennsylvania Settlement of 2012 in Verdict Search. The case centered around homebuyers who purchased newly constructed condo units in the Northern Liberties section of Philadelphia, only to find major issues with their units and the ...

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