Release Of Lis Pendens Form Withdrawal In King
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A “lis pendens notice” is a notice recorded in a real property's chain of title and is designed to enable interested third parties to discover the existence and scope of pending litigation affecting the title to or asserting a mortgage , lien , security interest , or other interest in real property .
A "Notice of Voluntary Dismissal and Release," is notice to the "world" that the person who recorded the "lis pendens" no longer seeks to inform interested parties of the pendency of a court action concerning the real property.
If you receive a discharge of lis pendens, it means your property no longer has a claim or lawsuit against it.
California Code of Civil Procedure section 405.30 allows a property owner to remove a lis pendens by bringing a “motion to expunge.” There are several bases for a motion to expunge, including: (1) the lack of a real property claim, (2) the claimant's failure to establish a “probable validity of their claim, or (3) the ...
What Does Discharge of Lis Pendens Mean? If you receive a discharge of lis pendens, it means your property no longer has a claim or lawsuit against it.
Effect: Once recorded, the lis pendens creates a cloud on the title, meaning that any future buyers or lenders are on notice of the legal dispute. This can deter transactions involving the property until the matter is resolved.
Removing a Lis Pendens in California 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.
There is no specific time frame for how long a lis pendens is valid. Rather, a lis pendens is valid until it is expunged or the underlying case is resolved. If not expunged, a lis pendens is often removed as part of a settlement agreement reached between the parties.
To file a lis pendens, the party filing must have or show one of two things: That there is a recorded instrument, usually some mortgage or encumbrance, or perhaps something related to a construction mechanics lien—that potentially provides the filer the right to the property on or in the document.
Only an attorney or the court can sign a lis pendens. If your attorney filed the lis pendens, then ask her to sign and record a Notice of Withdrawal of Lis Pendens. Give a copy of the title officer. You can record a certified copy of the dismissal of the case and that will extinguish a lis pendens.
