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A praecipe (request) to index a lis pendens to provide constructive notice to third parties of the pendency of litigation involving title to real property in Pennsylvania.
A Lis Pendens is considered constructive notice once recorded in the county where the property is located, subsequent buyers or lien holders would be bound by the outcome of the case, (for the purposes of this Section, be deemed a subsequent purchaser and shall be bound by the proceedings to the same extent and in the ...
A release of lis pendens under Illinois law to record and provide notice to third parties that litigation is resolved or title to real property is no longer in controversy.
A release of lis pendens is a document filed with the court that removes the public notice of a pending legal action from the title of a property. It is typically filed after a lawsuit that involves property has been resolved in some way, such as by settlement or dismissal.
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 ?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.
There are five grounds for lis pendens expungement. 1 ? The Underlying Action Does Not Involve a Real Property Claim. ... 2 ? ?Void or Invalid? Lis Pendens Recording. ... 3 ? Claimant Has Not Shown Probable Validity of Underlying Claim. ... 5 ? Claimant Fails to File an Undertaking.
Another way a homeowner might get a lis pendens removed is by filing a motion to remove with the court. He or she can then demonstrate that there is little or no proof that the complainant in the suit will prove ownership of the real estate property at the hearing.