A Pennsylvania Li's Pendent Notice is a legal document that provides public notice of a pending lawsuit involving a real estate property. This notice is filed in the county where the property is located and serves as a warning to potential buyers or lenders that there is an ongoing legal dispute over the property. The term "Li's Pendent" is derived from Latin and means "pending lawsuit." It is commonly used to refer to a notice of a pending lawsuit that involves real estate. Filing a Li's Pendent Notice is an important legal step for a party seeking to protect their interests in a property during a legal dispute. In Pennsylvania, there are two main types of Li's Pendent Notices that can be filed: 1. General Li's Pendent: This type of notice is filed to provide notice of any pending lawsuit involving a real estate property. It is used when a lawsuit affects the title or ownership of the property, such as disputes over ownership, foreclosure actions, partition suits, or enforcement of liens. 2. Specific Performance Li's Pendent: This type of notice is filed when parties seek to enforce a specific performance contract regarding a real estate property. It is often used in situations where one party is seeking to force another party to complete a real estate transaction according to the terms of a contract. The purpose of filing a Pennsylvania Li's Pendent Notice is to create a public record of the pending lawsuit and inform potential buyers, lenders, or creditors of the property's legal status. By doing so, it helps to prevent the property from being sold or transferred during the lawsuit without the knowledge and consent of all parties involved. In summary, a Pennsylvania Li's Pendent Notice is a legal document that serves to provide public notice of a pending lawsuit involving a real estate property. It is an essential tool for parties seeking to protect their interests in the property during a legal dispute. The two main types of Li's Pendent Notices in Pennsylvania are the general Li's Pendent and the specific performance Li's Pendent, each serving a distinct purpose within the realm of real estate litigation.
Pennsylvania Lis Pendens Notice
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How to fill out Pennsylvania Lis Pendens Notice?
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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.