DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Section 205

Citation
Section 205 4.
Parent Document
Cole v. Harris, 187 U.S. App. D.C. 156 (1977)
Effective Date
1977-11-14
Original Source
https://www.courtlistener.com/opinion/7891523/cole-v-harris/ ↗

Other Sections in This Document (158)

Full Text

507 chars 
4. Since the owner was unable to bond off the mechanics lien, no further mortgage proceeds could be drawn to fund interest and construction costs. In March 1973, Walker and Dunlop, Inc., the mortgagee for the project, notified the Area Office of the default citing as a basis the fact that the contractor had quit the project, a lien had been placed on the project, *169and, interest due February 1 had not been paid. A copy of the notice of default is attached hereto, as Exhibit I and incorporated herein.