Form Lis Pendens Foreclosure In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00403BG
Format:
Word
Instant download
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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Filing a notice of lis pendens or a "pending lawsuit notice" is vital to avoid property sales during active litigation. This recording gives notice to all interested parties that an action has been brought seeking foreclosure of the mortgage.See Form (Lis Pendens). Maricopa County Lis Pendens Form. Fill in the blank form formatted to comply with all recording and content requirements. While you can file a lis pendens prior to actually filing a lawsuit, it probably will not stop the foreclosure sale. The workbook is designed for you to complete on your own, or with the assistance of a counselor. Learn about the difference between a complaint, summons, and lis pendens in a judicial foreclosure. How the nonjudicial foreclosure process works in Arizona, from reinstating a loan to a liability for a deficiency judgment. It is typically used in such actions as judicial foreclosures.
