Tennessee AFFIDAVIT — Abstract of LienLisPendens is a document used by a lien holder to prove their legal right to a piece of property. It is filed with the County Register of Deeds in the county where the real estate is located. The affidavit is a sworn statement that includes a description of the property, the lien holder’s rights, and the lien itself. The document must be accompanied by a fee and a copy of the lien instrument that is being recorded. There are two types of Tennessee AFFIDAVIT — Abstract of LienLisPendens: a Notice of Lien and a Notice of Li's Pendent. A Notice of Lien is a document used by a lien holder to inform the public of their interest in a certain piece of property. This type of document is filed when a lien holder has a valid lien on the property, but does not yet have possession of it. A Notice of Li's Pendent is a document that is filed when a lien holder has acquired possession of the property and is seeking to foreclose on it. This document is used to inform the public of the lien holder’s rights to the property.
Tennessee AFFIDAVIT - Abstract of Lien Lis Pendens
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FAQ
A lis pendens ? also called a notice of pendency of action ? is a special type of legal document filed with a county recorder.
A lis pendens notice ensures that a judgment entered in a pending suit is enforceable regarding the real property in the hands of a subsequent transferee as if the property were still owned by the litigant-transferor.
The doctrine of lis pendens literally means ?pending suit,? and lis pendens notices are the machinery whereby a party with an unrecorded or unperfected claim to real property can put third persons interested in the property on notice of the claim or interest.
Lien Notation Send the completed form. Include all necessary support documentation.Include all fees. Lien notation fee: $11 per lien. County clerk fee: $8.50. State title fee: $5.50. Additional county fees may also apply.Information should be submitted to your local county clerk's office.
How long does a judgment lien last in Tennessee? A judgment lien in Tennessee will remain attached to the debtor's property (even if the property changes hands) for ten years.
A lis pendens, on the other hand, is a notice that lenders use when they initiate the foreclosure. The lis pendens notifies all parties that the property is part of a lawsuit and is filed with the county recorder's office and made public record.
Notice of Default ? Foreclosure starts when your lender records a Notice of Default against your property with the Registrar Recorder's office. The Notice of Default tells you the total amount you owe including missed payments and foreclosure fees.
(a) The abstract of the judgment or decree shall show briefly the names of the parties, plaintiff and defendant, the name of the court, and number of the case, and the amount, and date of judgment or decree, and the names of all parties against whom the judgment or decree is taken.