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.
Oregon Li's Pendent Notice in Connection with Action to Foreclose is a legal document used in the state of Oregon to notify interested parties about a pending foreclosure action on a property. The notice is filed with the county recorder's office and serves as a public record that alerts potential buyers, lenders, and other parties about the ongoing legal proceedings related to the property. The purpose of the Oregon Li's Pendent Notice in Connection with Action to Foreclose is to protect the rights of the parties involved in the foreclosure process and to ensure that all interested parties are aware of the impending foreclosure action. This notice prevents the property's owner from transferring ownership or obtaining additional financing without notifying potential buyers or lenders of the pending foreclosure. There are two main types of Oregon Li's Pendent Notices in Connection with Action to Foreclose: 1. Residential Li's Pendent Notice: This type of notice is used when a residential property, such as a single-family home, condominium, or townhouse, is subject to foreclosure proceedings. The notice contains specific details about the property, including its legal description, address, and the parties involved in the foreclosure action. 2. Commercial Li's Pendent Notice: This type of notice is utilized when a commercial property, such as an office building, retail space, or industrial property, is facing foreclosure. The notice provides similar information as the residential notice but is tailored to reflect the unique characteristics and specifics of the commercial property. When filing an Oregon Li's Pendent Notice in Connection with Action to Foreclose, it is essential to include accurate and up-to-date information about the property and parties involved. This notice is typically prepared by the foreclosing party's attorney or a title company and must adhere to the guidelines set forth by the Oregon Revised Statutes. In conclusion, the Oregon Li's Pendent Notice in Connection with Action to Foreclose is a crucial document in the foreclosure process that informs potential buyers, lenders, and other interested parties about the pending foreclosure action on a property in Oregon. Ensuring the proper filing and adherence to the legal guidelines is crucial for maintaining a transparent and fair foreclosure process.
