Release Lis Pendens Form With Two Points In Mecklenburg

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

Description

The Release Lis Pendens form with two points in Mecklenburg is a legal document that allows for the removal of a previously filed notice of pending litigation against a property. This form is essential for parties who wish to officially notify the public that a lis pendens is no longer valid and that any claims related to the property have been resolved. Key features of the form include spaces for identifying the original lis pendens by book and page number, as well as a signature section for the individual authorized to release the notice. When filling out the form, users should ensure accurate completion of all required fields to avoid delays in processing. Instructing the Clerk or Recorder’s office to record the release is also crucial for legal effectiveness. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions or disputes, as it helps clear any recorded claims that may impede the sale or transfer of property. Proper use of this form can facilitate smoother property transactions, safeguarding the interests of all involved parties.

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FAQ

The notice of lis pendens is an announcement to the whole world that a particular real property is in litigation, and serves as a warning that one who acquires an interest over said property does so at his own risk, or that he gambles on the result of the litigation over said property.

Cancellation of lis pendens. Before final judgment, a notice of lis pendens may be cancelled upon order of the court, after proper showing that the notice is for the purpose of molesting the adverse party, or that it is not necessary to protect the rights of the party who caused it to be registered.

To annotate a notice of lis pendens, the following elements must be present: (a) the property must be of such character as to be subject to the rule; (b) the court must have jurisdiction both over the person and the res; and (c) the property or res involved must be sufficiently described in the pleadings.

Cancellation of lis pendens - Before final judgment, a notice of lis pendens may be cancelled upon order of the court, after proper showing that the notice is for the purpose of molesting the adverse party, or that it is not necessary to protect the rights of the party who caused it to be registered.

The doctrine of lis pendens is founded upon reasons of public policy and necessity, the purpose of which is to keep the properties in litigation within the power of the court until the litigation is terminated, and to prevent the defeat of the judgment or decree by subsequent alienation.

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.

Under North Carolina law judgment liens expire ten years from entry of the judgement.

§ 44A-12(d) – A Claim of Lien on Property may not be amended; it must be cancelled, and a new lien substituted within 120-day filing timeframe. N.C. Gen. Stat. § 44A-13 – Lawsuit to enforce Claim of Lien on Property; required to be brought within 180 days of last furnishing.

North Carolina does not provide or require statutory forms for lien waivers. For a lien waiver to be valid in North Carolina, it must be done by express agreement clearly stating intent to waive lien rights. Lien waivers will fall under two categories: progress payments and final payments.

North Carolina imposes no specific licensing requirement in order to file a valid mechanics lien.

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Release Lis Pendens Form With Two Points In Mecklenburg