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 financiers 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.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A Georgia Li's Pendent Notice in Connection with Action to Foreclose is a legal document filed by a creditor to provide public notice of a pending foreclosure action against a property. It serves as a warning to potential buyers or interested parties that the property's ownership is in dispute and may be subject to foreclosure. The purpose of filing a Li's Pendent Notice is to protect the creditor's interest in the property and ensure that any subsequent buyers or encumbrances are aware of the pending foreclosure action. It is a standard procedure in Georgia foreclosures to provide notice to interested parties about the ongoing legal proceedings and the potential impact on the property's ownership. The following are different types of Georgia Li's Pendent Notice in Connection with Action to Foreclose: 1. Residential Property Li's Pendent Notice: This type of Li's Pendent Notice is used for residential properties, including single-family homes, condominiums, townhouses, etc. It is filed when the mortgage lender initiates foreclosure proceedings against a mortgaged residential property. 2. Commercial Property Li's Pendent Notice: This type of Li's Pendent Notice applies to commercial properties, including office buildings, retail spaces, industrial facilities, etc. If a mortgage lender wishes to foreclose on a commercial property due to default, they would file a Commercial Property Li's Pendent Notice. 3. Agricultural Property Li's Pendent Notice: Agricultural properties, such as farms, ranches, or vineyards, fall under this category. If a creditor intends to initiate foreclosure proceedings against an agricultural property due to non-payment, they would file a Li's Pendent Notice specific to agricultural property. 4. Vacant Land Li's Pendent Notice: A Vacant Land Li's Pendent Notice is applicable when the foreclosure action is against a piece of land without any structures. It is commonly used when the debtor has defaulted on a loan secured by vacant land. In conclusion, a Georgia Li's Pendent Notice in Connection with Action to Foreclose is a legal notice filed when a creditor initiates foreclosure proceedings against a property. There are different types of Li's Pendent Notices based on the nature of the property, including residential, commercial, agricultural, and vacant land.
