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Author Question: Economic revitalization is considered a public purpose for eminent domain cases. Indicate whether ... (Read 66 times)

saraeharris

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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


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makaylafy

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

B


saraeharris

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  • Posts: 546
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

xoxo123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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