Mosler Lofts Slapped with $6.7 Million Lien
General contractor JE Dunn NW is preventing the purchase or sale of any units at Mosler Lofts by filing a lawsuit to collect $6.7 million. The letter below states that the lawsuit could take weeks, months, or even years before the settlement restores homeowners titled rights.
The immediate impact of this situation on our homeowners and potential homeowners is that they will be unable to obtain clear and free title to transfer ownership or receive title insurance – no buying, no selling, no use of equity as collateral.
This is an unfortunate circumstance for those who have, or have been thinking of buying at Mosler Lofts. The award-winning building is one of the first to set the standard on building green in Seattle, and we should all cross our fingers that the lawsuit is settled quickly for the benefit of it’s homeowners.
Details regarding what JE Dunn NW is specifically holding the lien for could not be found.
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