Soap Factory struggles to repay debt for rehab project (Curt Smith quoted)12.20.18
Curt Smith, co-chair of Moss & Barnett's construction law team, was quoted in the Finance & Commerce article, "Soap Factory struggles to repay debt for rehab project" (written by Brian Johnson, Dec. 20, 2018). Excerpts from that article appear below.
Curt Smith, a construction attorney with the Moss & Barnett law firm in Minneapolis, likened the situation to a home mortgage foreclosure.
“It would not be different than your or my house gets foreclosed on a mortgage and basically the owner has that six-month period to pay off the debt,” or lose the title to the home, Smith said.