Pennsylvania Release of Lis Pendens
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How to fill out Release Of Lis Pendens?
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FAQ
In general, lis pendens is Latin for ?suit pending.? It is used in several contexts: ?Lis pendens? is construed to be the jurisdiction, power, or control which courts acquire over property involved in a suit, pending the continuance of the action, and until final judgment.
The party seeking to dissolve the lis pendens must file a motion defining why the lis pendens is neither one of right nor one with a nexus to the real property. The movant will normally also ask for a bond in the event that the judge does find a nexus exists.
A lis pendens may be removed through a motion to expunge. A motion to expunge may be granted if the underlying lawsuit or other court action does not contain a ?real property claim? that has probable validity. The motion will be granted it if is ?more likely than not? that the underlying lawsuit or claim will fail.
If you receive a discharge of lis pendens, it means your property no longer has a claim or lawsuit against it.
The lis pendens takes the form of a notice, which is a type of legal document that must contain the names of all the parties in the lawsuit and a description of the property affected by the action. (CCP § 405.20.) Once the notice includes this information, it must be signed.
As its translation indicates, the purpose of a lis pendens is to give notice to a third-person (typically a potential buyer) that a certain parcel of real estate is subject to a pending lawsuit and that any interest a buyer acquires in that real estate will be subject to the result of the pending legal action.
A release of lis pendens under Texas law to provide notice to third parties that litigation is resolved and title to real property is no longer in controversy.
A ?lis pendens notice? is a notice recorded in a real property's chain of title and is designed to enable interested third parties to discover the existence and scope of pending litigation affecting the title to or asserting a mortgage, lien, security interest, or other interest in real property.
