Arbitration May Throw A Wrench In the Works in New Mexico

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We know that after filing a mechanic's lien there is a certain amount of time in which an action to enforce the lien must be initiated, or the lien will become ineffective.  We also know that, in at least some states, the initiation of arbitration (instead of a foreclosure action) works to meet this deadline.  What we haven't really done, is look at the benefits or difficulties of arbitration as opposed to a foreclosure action.


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Published In: Construction Law Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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