Filing A Lis Pendens In Florida In Houston

State:
Multi-State
City:
Houston
Control #:
US-00403BG
Format:
Word
Instant download

Description

The document titled 'Release of Lis Pendens' is essential for anyone looking to officially terminate a previously filed lis pendens in Florida, particularly in Houston. A lis pendens is a legal notice indicating that a property is subject to pending litigation, and releasing it is crucial for clearing title claims. This form allows individuals to document the satisfaction and cancellation of the lis pendens, provided that consideration has been acknowledged. Notable features include clear spaces for signatures, dates, and clerical references, ensuring accuracy in the legal process. Completing the form requires entering specific details about the original filing, including the book and page number where the lis pendens is recorded. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions or litigation matters. It streamlines the process of clearing titles and helps protect clients' interests by ensuring that property records reflect the latest legal status. Additionally, the form emphasizes the necessity of proper recording with the local clerk or recorder, making it indispensable for accurate legal documentation.

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FAQ

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.

Section 12.0071 of the Texas Property Code contains a specific procedure for expunging (i.e., removing) an invalid lis pendens notice. To trigger the procedure, the property owner must file a motion to expunge the lis pendens in the court where the underlying lawsuit is pending.

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.

After a creditor wins a lawsuit for unpaid debt, there is a time limit for them to enforce the judgment. Judgments awarded in Texas to a non-government creditor are generally valid for ten years but can be renewed for longer. If a judgment is not renewed, it will become dormant.

The titleholder can sell a property and transfer the deed to someone else while subject to a lis pendens. However, most title companies will not provide insurance for homes with a lis pendens, and closing agents may close with the lien being bonded.

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.

(2) A notice of lis pendens is not effectual for any purpose beyond 1 year from the commencement of the action and will expire at that time, unless the relief sought is disclosed by the pending pleading to be founded on a duly recorded instrument or on a lien claimed under part I of chapter 713 against the property ...

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.

The titleholder can sell a property and transfer the deed to someone else while subject to a lis pendens. However, most title companies will not provide insurance for homes with a lis pendens, and closing agents may close with the lien being bonded.

The party seeking to dissolve the lis pendens must file a motion defining why the lis pendens is neither one of right nor one with a nexus to the real property. The movant will normally also ask for a bond in the event that the judge does find a nexus exists.

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Filing A Lis Pendens In Florida In Houston