Release Of Lis Pendens Form For The Foreclosure Process In Travis
Category:
State:
Multi-State
County:
Travis
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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Lis pendens is a notice lenders use when they initiate a foreclosure sale. Discover our commitment to recommended practices in corporate deeds, descriptions, administration, taxes, mortgage, liens, judgments, and more.Lis pendens is an official notice to the public that a lawsuit has been filed and a property has a claim against it. Step 3 filings are required for loans that received a Judgment of Foreclosure and Sale that had previously received a 90-day pre-foreclosure notice. Only the deed owner can redeem the property after a mortgage foreclosure. Step 1: Providing Notice or Filing the Lawsuit. In a non-judicial foreclosure, the homeowner will be sent a notice letting them know they are in default. Fill in the blank form formatted to comply with all recording and content requirements. A lis pendens must contain certain statutorily required information including the parties to the action and the specific description of the property involved. A lis pendens is the first filing made during the foreclosure process.
