J. I. Kislak Mortgage Corp. v. William Matthews Builder, Inc.

OPINION

CHRISTIE, Judge.

This is an action by J. I. Kislak Mortgage Corporation of Delaware, a mortgage lender, against William Matthews Builders, Inc., its borrower, to foreclose on a construction mortgage. A subcontractor, Bachman and Wood, Inc., has intervened, seeking priority for certain mechanics’ liens. The intervenor contends that funds disbursed by the mortgage lender after the date that the intervenor commenced work are junior to its mechanics’ liens. The mortgage lender asserts that since its construction mortgage was executed and recorded before any work was done, its total…