South Dakota Lis Pendens Notice
Description
How to fill out Lis Pendens Notice?
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FAQ
LIS PENDENS Definition & Legal Meaning a Latin phrase for a pending suit or a person who has been suspended.
A lis pendens can substantially benefit the person who is suing. This is because it usually serves as a claim against the property for any damages that might be awarded in the lawsuit. Most buyers will not purchase property involved in litigation or will only purchase the property at a discount.
Pending Litigation means a proceeding in a court of law whose activity is in progress but not yet completed.
Lis pendens provides constructive notice, or a warning, to prospective homebuyers that the ownership of a property is in dispute and litigation is pending. Lis pendens can only be filed if a claim is related specifically to the property.
Lis Pendens (Notice of Pending Action) Latin for "pending litigation or action." A notice recorded for the purpose of warning all persons that the title or right to possession of the described real property is in litigation.
