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
- 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.