Notice of Intent to Foreclose
noun
A letter that informs the recipient of your intent to foreclose on a mechanics lien if payment is not received.
Consider this a “final warning” before enforcing a mechanics lien that has already been filed. While voluntary, a Notice of Intent to Foreclose can be an effective tool to pressure the property owner to pay the outstanding amount and satisfy the lien claim.
Words related to “Notice of Intent to Foreclose”
