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 Li's Pendent notice in connection with an action to foreclose is a crucial legal document filed in New York when foreclosure proceedings are initiated against a property. This notice serves to inform potential buyers, lenders, and other interested parties that there is an ongoing legal action affecting the property's ownership. In New York, there are two main types of Li's Pendent notices in connection with actions to foreclose: 1. Pre-foreclosure Li's Pendent: This type of notice is filed by the lender or creditor before initiating the actual foreclosure proceedings. Once recorded in the County Clerk's office where the property is located, it acts as a public notice indicating that the property is facing a foreclosure action. The Pre-foreclosure Li's Pendent is an important step to protect the lender's interest and alert others about the impending foreclosure. 2. Foreclosure Li's Pendent: Once the foreclosure lawsuit is officially filed in court, the Foreclosure Li's Pendent is issued. This notice is filed with the County Clerk's office and serves as a public record of the pending foreclosure action. It is meant to provide notice to all potential buyers and interested parties that the property's ownership is subject to litigation and may be sold as part of the foreclosure process. Keywords: New York, Li's Pendent Notice, Connection, Action to Foreclose, types, Pre-foreclosure, Foreclosure, County Clerk's office, legal action, ownership, potential buyers, creditors, pending foreclosure action, foreclosure lawsuit, public record, litigation, sold.
