The wording is ambiguous, please explain-
If a lien is placed on a property- how long is it in place? Does it time-out if not paid within a specific time frame or does it stay in place until satisfied?
1 reply
Nov 11, 2019
Once filed in the proper recorder's office, a mechanics lien will only be valid for a certain period of time. If an action to enforce (i.e., a foreclosure lawsuit) hasn't been commenced within this time period, the lien will expire and become unenforceable.
As for Alaska mechanics liens, the default rule is that the lien claim must be enforced within 6 months of filing the claim. But that's not the end of the story. Alaska lien law also allows claimants to extend the enforcement deadline. If the claimant files a Notice of Extension in the same recorder's office within the initial 6-month enforcement period, the lien claim will be valid for an additional 6 months.
For more information, you may find these articles helpful: (1) How to File an Alaska Mechanics Lien, & (2) 5 Things to Know About Alaska Mechanics Liens.