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.
Nebraska Li's Pendent Notice in Connection with Action to Foreclose serves as a crucial legal document informing parties involved about an ongoing foreclosure action. This notice is typically filed with the county recorder's office where the property is located, allowing interested parties to become aware of the pending foreclosure litigation against the property and any claim that others may have on the property. The Nebraska Li's Pendent Notice is an official notice that provides public disclosure and puts potential buyers, lenders, and interested parties on notice that legal proceedings relating to foreclosure are underway. It effectively warns against making any judgments, attachments, or claims against the property while the foreclosure action is in progress. Two common types of Nebraska Li's Pendent Notices in connection with an action to foreclose include: 1. Li's Pendent Notice — Notice of Foreclosure Action: This type of notice is filed by the party initiating the foreclosure (typically a mortgage lender or mortgagee) to inform interested parties that legal proceedings have begun to foreclose on the property. It ensures that anyone interested in the property is aware of the lawsuit and can take necessary actions accordingly. 2. Li's Pendent Notice — Notice of Claim on Property: In some cases, parties other than the lender may claim an interest or lien on the property being foreclosed. These third-party claimants can file a Li's Pendent Notice to assert their own rights or interests and potentially challenge the foreclosure action. This type of notice offers the claimant an opportunity to present their claim and defenses regarding the property in question. The Nebraska Li's Pendent Notice in Connection with Action to Foreclose serves as a public record, creating transparency and allowing interested parties to be duly notified of the foreclosure proceedings. It is crucial for potential buyers, lenders, and other parties involved in real estate transactions to conduct thorough title searches to identify if any Li's Pendent Notices have been filed, as they may have an impact on the property's ownership and marketability.
