we filed the lien on 5/12, when do i foreclose on it?
1 reply
Jun 3, 2020
The deadline to foreclose a Colorado mechanics lien is 6 months from when the last date labor or materials were furnished to the project, or the project's overall completion date.
However, before filing the lawsuit to foreclose (enforce) the claim. We suggest sending a Notice of Intent to Foreclose. Similar to the Notice of Intent to Lien requirement under Colorado law, this is an optional notice to try and resolve the payment dispute. Consider it a final warning shot, declaring that if you're not paid within x amount of days that you are ready and able to enforce your rights in court.