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). Green Legislation from the Louisiana 2010 Session (constructionlawmonitor.com). One such bill is the PACE Assessment Protection Act of 2010. Stay tuned.
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