Foreclosing Deadlines

Deadline for Foreclosing a Mechanic's Lien

The lien, if properly perfected, must have a foreclosure action brought on or before the LATER of the following two events:

• Two (2) years from the date the lien was filed; or

• One (1) year from the date of the project's completion.

If you fail to bring an action inside this time period you will be forever barred from acting.  Our advice: do not wait any time after filing your lien.  The fact that you needed a lien should tell you all you need to know about the people that owe you money on the project.  Institute suit now.