Lis Pendens Release Form With Lien In New York

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

Description

The Lis Pendens Release Form with Lien in New York is a legal document used to cancel a previously recorded notice of pendency for a property due to a legal action. This form confirms that the lien associated with the Lis Pendens has been resolved, thereby allowing for the cancellation to be recorded in the official land records. Key features of the form include spaces for the recording details, such as the book and page numbers where the original Lis Pendens was filed, as well as the signature of the party releasing it. For effective use, it is crucial to fill in accurate information regarding the property and ensure that all required signatures are obtained. This form is primarily beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who manage property transactions or legal disputes. An attorney may use this form to facilitate the closing of real estate transactions by clarifying title issues, while paralegals can assist in preparing and filing the release as part of legal documentation. Overall, the Lis Pendens Release Form streamlines the process of removing a notice that might impede property sales or refinancing.

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FAQ

Send an Application for a Duplicate Certificate of Title (PDF) (MV-902) and the original proof that indicates that the lien is satisfied to the address above, or bring them to a DMV office. The DMV processes a duplicate title certificate that does not list the lien and mails the certificate to you.

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.

Obtain a Court Order – At times, liens are obtained through fraud, coercion, bad faith, or other illegal means. If you believe your lien is not valid and the creditor will not rectify the situation, you can file a motion in court and ask a judge to remove the lien.

A lis pendens is not a lien on property, but rather a notice that a possible interest is being claimed in certain real property.

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 ...

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.

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Lis Pendens Release Form With Lien In New York