Jenner & Block

Client Advisory: Rights of Mechanics Lien Claimants vs. Lenders Limited By Recent Illinois Supreme Court Decision

In this advisory, Partner Joseph G. Bisceglia and Of Counsel Ronald B. Grais discuss a recent Illinois Supreme Court decision which clarifies the rules for determining priority between lenders and mechanics lien claimants in foreclosure proceedings. The decision significantly benefits lenders, and has a potentially significant adverse impact on contractors with mechanics lien claims.