The document titled 'Release of Lis Pendens' is used to formally cancel a previously recorded lis pendens related to a foreclosure in Kings County. A lis pendens serves as a public notice indicating that a property is subject to litigation, which can impact its sale or financing. This form provides a mechanism for the parties involved to acknowledge the resolution of the matter, thereby requesting the local Clerk or Recorder's office to update the land records accordingly. Key features of the form include sections to specify the original lis pendens information, including the book and page number where it was recorded, along with a space for the user’s signature. The form should be filled out with accurate property details and dates, ensuring that all required signatures are included. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who work in real estate and foreclosure law. By using this form, legal professionals can streamline the process of resolving property litigation issues, making it critical for effective property management and legal compliance.