A contractor records a mechanic's lien for $25,000 but fails to file a lawsuit to foreclose within the required timeframe. Under A.R.S. 33-981, what happens to the lien?
Correct Answer
A) Lien automatically expires and becomes void
Under A.R.S. 33-981, mechanic's liens automatically expire and become void if foreclosure action is not filed within 6 months of recording.
Why This Is the Correct Answer
Under A.R.S. 33-981, mechanic's liens automatically expire and become void if foreclosure action is not filed within 6 months of recording.
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