Filing Lis Pendens In New York In Tarrant
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-00403BG
Format:
Word
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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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A lis pendens is the first filing made during the foreclosure process. Barron's Dictionary of Real Estate Terms defines Lis Pendens as Latin for suit pending.This article examines principal elements of a notice of pendency, and certain risks of filing in light of its simplicity. Lis pendens: Latin for "a pending suit. Make a written demand for a discharge of lis pendens from the party who filed it. Historically known as lis pendens, a notice of pendency constructively gives notice of the ownership dispute to any potential thirdparty. A notice of a lis pendens (Latin for "suit pending") is an instrument filed in the real property records of a county that indicates a civil lawsuit is pending. Visit your county recorder's office and ask to file a Notice of Lis Pendens.
