The File Notice Lis Pendens Foreclosed in Collin form is essential for notifying interested parties of a pending legal action concerning real property in Collin County. This form serves to inform potential buyers and other stakeholders that a foreclosure case has been filed against the property, effectively putting a 'cloud' on the title. Key features of this form include the requirement to clearly identify the property, the names of the parties involved, and the legal description. Users should ensure all fields are accurately filled out to avoid complications during the foreclosure process. This document is particularly useful for attorneys representing foreclosing clients, partners involved in real estate transactions, and paralegals assisting in property law cases. It helps protect the interests of current owners and informs potential purchasers of any legal issues that may affect their investment. Editing instructions emphasize clarity, ensuring all legal names and property details are entered correctly. Overall, the form aids in maintaining transparency and compliance within real estate transactions in Collin County.