Filing Lis Pendens In New York In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00403BG
Format:
Word
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Description
Lis Pendens means "a suit pending". A lis pendens is a written notice that a lawsuit has been filed involving the title to real property or some interest in that real property. Notice to the defendant who owns the property and potential buyers or lenders is given by filing the lis pendens with the clerk of the court, certifying that it has been filed, and then recording it with the County Recorder. The lis pendens must include a legal description of the real property, and the lawsuit must involve the property. A person who records a false lis pendens will be subject to the penalty of payment of attorney's fees. A petition to remove the lis pendens from real property may be brought by the defendant when the property is not involved in the lawsuit.
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Historically known as lis pendens, a notice of pendency constructively gives notice of the ownership dispute to any potential thirdparty. A lis pendens is the first filing made during the foreclosure process.Barron's Dictionary of Real Estate Terms defines Lis Pendens as Latin for suit pending. A notice of pendency, also known as lis pendens, is a provisional remedy available to litigants seeking a judgment that affects title to real property. The Office of the City Register records and maintains New York City real property and certain personal property transfer records, such as mortgage documents. The Office of the City Register records and maintains New York City real property and certain personal property transfer records, such as mortgage documents. No information is available for this page. Notice Pendency (lis pendens). You may still have an action for damages but only if it was provided for in the real estate contract. To file and record a lis pendens against real estate, the claimant must have made a "real property claim" in the underlying litigation.
