Course Solutions Uncategorized (Answered) : What is not a requirement if a contractor decides to foreclose on a lien? a) A timely foreclosure sale within state deadlines

(Answered) : What is not a requirement if a contractor decides to foreclose on a lien? a) A timely foreclosure sale within state deadlines

What is not a requirement if a contractor decides to foreclose on a lien?

a) A timely foreclosure sale within state deadlines

b) Filing of a foreclosure action within a designated period of time after filing the lien

c) Consent of the homeowner to the original lien

d) Advertisement of the foreclosure sale

e) Notice of foreclosure to the homeowner

Expert Answer


c) Consent of the homeowner to the original lien

A non-mortage lien can be recorded without the consent of the owner which is a powerful payment remedy

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