The document titled 'Release of Lis Pendens' is essential for parties involved in real estate transactions, particularly in foreclosure cases in Queens. This form facilitates the cancellation of a previously recorded Lis Pendens, which serves to notify interested parties about a legal claim affecting the property. The form must be completed accurately, including details such as the original recording location and the date of release. It is typically used by attorneys, paralegals, and legal assistants to ensure the property title is cleared of encumbrances before proceeding with sales or transfers. Target users should provide a valid reason for the release, which is acknowledged through their signature on the document. Additionally, once completed, this form must be filed with the appropriate Clerk or Recorder's office to make the cancellation official. The clarity of this form is vital for legal partners and owners looking to avoid future complications in property dealings. Careful adherence to the filing instructions and maintaining documentation of the release is crucial for legal validation.