File Notice Lis Pendens Withdrawal In Pennsylvania

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

Description

The Release of Lis Pendens form is a crucial legal document used to formally withdraw a previously filed notice of lis pendens in Pennsylvania. This form acknowledges the receipt of valuable consideration and requests the appropriate clerk or recorder's office to cancel the lis pendens from the official land records. Key features include spaces for the identification of the original lis pendens, including the book and page number, as well as the signatures required for acknowledgment. Filling out this form requires the user to provide accurate information regarding the previous filing, including the city and county of record. Specific use cases for this form target attorneys, partners, owners, associates, paralegals, and legal assistants dealing with real estate disputes or property transactions. By utilizing this form, legal professionals can ensure that claims of interest in real property are officially removed, preventing complications in future transactions. The form supports a smooth conclusion to legal disputes and promotes transparency in property ownership, valuable for all stakeholders involved.

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FAQ

To file a lis pendens, the party filing must have or show one of two things: That there is a recorded instrument, usually some mortgage or encumbrance, or perhaps something related to a construction mechanics lien—that potentially provides the filer the right to the property on or in the document.

To file a lis pendens, the party filing must have or show one of two things: That there is a recorded instrument, usually some mortgage or encumbrance, or perhaps something related to a construction mechanics lien—that potentially provides the filer the right to the property on or in the document.

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.

How Long Does a Lis Pendens Last in Pennsylvania? Under Pennsylvania law, a Lis Pendens typically remains recorded for a period of fifteen years. This duration provides adequate notice to interested parties about ongoing litigation or other legal actions involving the real property.

The lien will stay in effect for five years, but can be renewed, if the debtor does not sell the property within that time period.

The Lis Pendens A lis pendens is a document that is filed in the public records that alerts the world that someone is asserting claim over the property. A lis pendens is not, by itself, a legal bar to purchasing the property—someone can still legally close on property with a lis pendens filed on it.

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File Notice Lis Pendens Withdrawal In Pennsylvania