File Notice Lis Pendens Withdrawal In New York

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

Description

The Release of Lis Pendens form is a crucial document used in New York to formally withdraw a previously filed notice of lis pendens, which serves to inform interested parties of pending legal actions regarding real property. This form is instrumental for attorneys, partners, owners, associates, paralegals, and legal assistants involved in property disputes or transactions. Key features of the form include spaces to indicate the specific details of the lis pendens being released, such as the recording office, the book and page number, and the date of release. It allows the clerk or recorder to officially cancel the notice from public records, which can facilitate the sale or transfer of property that was encumbered by the notice. To fill out the form, users should ensure accurate information is entered and the signature is provided, followed by the acknowledgment process. This form is particularly useful in instances where a legal claim has been resolved or withdrawn, ensuring clarity in property records and preventing potential confusion among prospective buyers or lenders. Overall, it is an essential tool for maintaining the integrity of real estate transactions in New York.

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FAQ

In a case specified in section 6501, the notice of pendency shall be filed in the office of the clerk of any county where property affected is situated, before or after service of summons and at any time prior to judgment.

At any time prior to entry of judgment, a notice of pendency shall be cancelled by the county clerk without an order, on the filing with him or her of: (a) An affidavit by the claiming authority showing which defendants have been served with process, which defendants are in default in appearing or answering, and which ...

Lis pendens: Latin for “a pending suit.” 1. Jurisdiction of a court over property until the final decision of a case. 2. A notice filed against public records warning the public that title to the property is in litigation (in court and not final).

If you are selling a property that is subject to a lis pendens, you must disclose this fact to potential buyers. Failure to do so could result in legal liability. Additionally, a lis pendens can make it difficult to sell a property as it may deter potential buyers who do not want to become involved in a legal dispute.

A notice of pendency shall be effective for a period of three years from the date of filing. Before expiration of a period or extended period, the court, upon motion of the plaintiff and upon such notice as it may require, for good cause shown, may grant an extension for a like additional period.

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.

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File Notice Lis Pendens Withdrawal In New York