Arizona Revised Statutes § 33-1074 Foreclosure; Limitation Of Action; Attorney Fees

33-1074. Foreclosure; limitation of action; attorney fees

A. A commercial real estate broker lien recorded pursuant to this article is enforceable by foreclosure action in superior court as if the lien were a mortgage.

B. A lien pursuant to this article is only valid for two years after the date that it is recorded unless an action is brought within that two years to enforce the lien and a notice of pendency of the action is recorded pursuant to section 12-1191 in the office of the county recorder in the county in which the property is located within five days after filing the action.

C. In any action to foreclose a commercial real estate broker lien, the prevailing party shall be awarded costs and reasonable attorney fees.

Section: Previous  33-1064  33-1065  33-1066  33-1067  33-1071  33-1072  33-1073  33-1074  33-1075  33-1076  33-1101  33-1102  33-1103  33-1104  33-1105  Next

Last modified: October 13, 2016