What is PACE Financing and Is It Doomed?
Construction Law Monitor
SEPTEMBER 27, 2010
Well, PACE loans create a lien against properties similar to a tax lien, meaning that the lien has priority over all other debts (including mortgages). While not passed in response to the FHFA announcement, Louisiana’s new PACE egislation may have predicted these problems, as it greatly accommodated mortgage holders.
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