The Release of Lis Pendens form is essential for anyone involved in real estate transactions in New York, particularly in Wake. This form is used to officially remove a previously filed lis pendens, which serves as a public notice of a pending legal action affecting a property. Key features of this form include the requirement for acknowledgment of receipt of valuable consideration, and it must be filed with the Clerk or Recorder’s office in the appropriate jurisdiction. Filling out the form involves providing specific details such as the location of the initially recorded lis pendens, along with the book and page number from the land records. Users should ensure all fields are completed accurately to avoid delays. Target users like attorneys and paralegals will find this form particularly useful in resolving disputes or clearing titles for clients. Legal assistants may also aid in the preparation and submission of this form, ensuring compliance with local regulations. Overall, this form facilitates the smooth progression of real estate matters by formally confirming that a legal action regarding the property has been resolved.