Author Question: Economic revitalization is considered a public purpose for eminent domain cases. Indicate whether ... (Read 70 times)

saraeharris · **on:** Jun 24, 2018

Economic revitalization is considered a public purpose for eminent domain cases.
Indicate whether the statement is true or false

Question 2

Harbor Builders began construction on three homes in its new division. After construction had begun, the buyers of the homes closed escrow on the homes. The lender for the buyers had the buyers sign affidavits stating that construction had not begun. The buyers gave the lender mortgages on their properties. If Harbor is not paid and the buyers default, who has first rights on the proceeds from the sale of the property?
A) The lender
B) Harbor Builders
C) Neither, they take a pro rata share
D) The buyers