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.
|