Commonwealth Mechanical Contractors, Inc. v. Standard Federal Savings & Loan

Commonwealth Mechanical Contractors, Inc., and Fairfax Sheet Metal, Heating and Air Conditioning, Inc., (appellants) timely filed memoranda of mechanics’ liens against Lakeland Enterprises, Inc., (Lakeland) in January of 1977. Lakeland subsequently defaulted on its construction loan, and Standard Federal Savings and Loan Association (Standard Federal) became the owner of record of the real estate subject to appellants’ mechanics’ liens. Appellants filed bills of complaint to enforce their mechanics’ liens in May and June 1977, but both failed to name Standard Federal as a party defendant. The…