Illinois Lis Pendens Notice

State:
Illinois
Control #:
IL-SKU-FF112
Format:
PDF
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Description

Lis Pendens Notice An Illinois Li's Pendent Notice is a legal document that is filed with the county clerk when a party initiates a lawsuit involving real estate. The Notice serves as a public notice of the pending lawsuit and creates a lien on the property involved in the dispute. This lien puts potential buyers and lenders on notice that the title to the property is in dispute and that they may be responsible for the outcome of the lawsuit. There are two types of Illinois Li's Pendent Notice. The first type is a Li's Pendent Notice for Foreclosure proceedings, which is filed when a borrower defaults on a loan and the lender initiates foreclosure proceedings. The second type is a Li's Pendent Notice for Partition proceedings, which is filed when two or more co-owners of the property are in dispute over the division of the property.

An Illinois Li's Pendent Notice is a legal document that is filed with the county clerk when a party initiates a lawsuit involving real estate. The Notice serves as a public notice of the pending lawsuit and creates a lien on the property involved in the dispute. This lien puts potential buyers and lenders on notice that the title to the property is in dispute and that they may be responsible for the outcome of the lawsuit. There are two types of Illinois Li's Pendent Notice. The first type is a Li's Pendent Notice for Foreclosure proceedings, which is filed when a borrower defaults on a loan and the lender initiates foreclosure proceedings. The second type is a Li's Pendent Notice for Partition proceedings, which is filed when two or more co-owners of the property are in dispute over the division of the property.

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Illinois Lis Pendens Notice