PACE Loans in Florida: A Lender’s Perspective
Establishing the priority of a lender’s mortgage lien during foreclosure or bankruptcy can be challenging when the collateral is also encumbered by governmental or quasi-governmental liens with unsettled lien priority. One such problematic example is the lien priority of PACE loans. Florida’s “PACE” Program (which stands for Property Assessed Clean Energy) was created in 2010 … Read more