File Notice Lis Pendens Foreclosure In Collin

State:
Multi-State
County:
Collin
Control #:
US-00403BG
Format:
Word
Instant download

Description

The document titled 'Release of Lis Pendens' serves as an essential legal form for individuals and legal representatives involved in foreclosure proceedings in Collin. This form operates to formally release a previously recorded Lis Pendens, which notifies interested parties of a pending legal action concerning a property. It is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants to understand that filing this form signifies the completion of the necessary legal processes tied to a foreclosure case. The document must be filled out with the specific details of the Lis Pendens, including the recording information and the location of the clerk's office. Users should ensure the accuracy of the property details and their own identification before submitting the form. The utility of this form extends to various scenarios, such as concluding legal actions or settling disputes related to property ownership. Following the release, the clerk is authorized to cancel the Lis Pendens from the official records, establishing clarity regarding the property's legal status. This form is particularly important for those who wish to clear property titles and facilitate future transactions.

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FAQ

To file a Lis Pendens in Texas, the party initiating the lawsuit must follow procedures outlined in the Texas Property Code. This includes submitting a declarative affidavit to the county clerk's office where the property is located. The affidavit must generally contain: Names of the parties involved.

A lis pendens has no life of its own apart from the lawsuit that underlies it. If there is no lawsuit, there can be no valid lis pendens. “A lis pendens operates only during the pendency of the underlying suit, and only as to those matters that are involved in the suit.

A judgment lien lasts for ten years. Generally, to file a judgment lien, an abstract of judgment must be issued by the justice court. Some justice courts have a form available on their website to request an abstract of judgment.

If someone has filed a Lis Pendens notice (which alerts others that there is a pending lawsuit involving a property), any party involved in the lawsuit can: Ask the court to remove the notice (e.g. Motion to Expunge). Notify all affected parties at least 20 days before the court hearing.

Lis Pendens Texas and Property Code Property Code Section 12.007(a) allows the party seeking relief to file a Lis Pendens during the pendency of an action involving title to real property, the establishment of an interest in real property, or the enforcement of an encumbrance against real property.

Once the complaint is filed, it enters a Lis pendens, meaning a suit is pending. The lender becomes the plaintiff, and the debtor becomes the defendant in the court record. The case receives a docket number. The plaintiff must serve the defendant with the foreclosure complaint.

A judgment is valid for 10 years after it is issued, and it can be enforced at any time within that time period. There are ways for a creditor to extend a judgment past that time, so if properly renewed, a creditor can seek to enforce the judgment and collect for many years even after the initial ten-year window.

To file a Lis Pendens in Texas, the party initiating the lawsuit must follow procedures outlined in the Texas Property Code. This includes submitting a declarative affidavit to the county clerk's office where the property is located. The affidavit must generally contain: Names of the parties involved.

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File Notice Lis Pendens Foreclosure In Collin