2017 Arizona Revised Statutes
Title 33 - Property
§ 33-1074 Foreclosure; limitation of action; attorney fees

Universal Citation: AZ Rev Stat § 33-1074 (2017)

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.

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