Form Lis Pendens Foreclosure Florida In King

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

Description

The Form Lis Pendens Foreclosure Florida in King is a legal document used to notify interested parties about ongoing foreclosure proceedings. This form is crucial in real estate transactions, as it establishes a public record of the pending litigation affecting a property. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in foreclosure cases. Key features of the form include sections for recording details about the court case, property description, and parties involved. Users should fill in information such as the city, county, and specific book and page numbers of the initial Lis Pendens. Proper completion ensures all interested parties are aware of the foreclosure action, which can impact potential sales or transactions. Additionally, the form can be edited as necessary to reflect changes in the case status. Understanding how to utilize this form effectively is essential for legal professionals working in real estate law.

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FAQ

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.

(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 ...

The lis pendens of right is based on a recorded lien or other recorded instrument. A mortgage is a good example. It is recorded in the official or public records of the county where the property is located.

Online via an Official Records portal: Most Florida circuit clerk offices provide an Official Records Search portal on their websites, which interested persons can access to find liens on a property, including tax liens registered by taxing authorities.

How to File a Notice of Lis Pendens Name of the parties. Date of the institution of the action, the date of the clerk's electronic receipt, or the case number of the action. The name of the court in which it is pending. A description of the property involved or to be affected.

A lis pendens notice will be recorded in the county public records, and a copy of the notice will be sent to the property owner.

(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 ...

Other than resolution of the pending lawsuit, the only way to remove a lis pendens is by expungement, which requires a court order from a circuit judge. If you refuse service or the action is otherwise delayed, the lis pendens remains intact, making it difficult to sell or otherwise transfer a 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.

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Form Lis Pendens Foreclosure Florida In King