Wisconsin Lis Pendens Notice

Category:

Real Estate - Lis Pendens

State:

Multi-State

Control #:

US-01067

Format:

Instant download

Description

A lis pendens is a written notice of a pending lawsuit involving property. Plaintiff files this lis pendens in order to place defendant on notice that a lien is being sought to compel defendants to convey legal title to the described mineral interest based on the fact that the plaintiff has paid to purchase the interest. The form also contains a Certificate of Service stating that the attorney for the plaintiff has forwarded a correct copy of the document by U.S. Mail.

Wisconsin Abstract of Title

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Wisconsin Checklist of Matters that Should be Considered in Making an Abstract or Opinion of Title

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Wisconsin Checklist of Matters to be Considered in Drafting Notice of Adverse Claim

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Wisconsin Notice of Claim of Adverse Interest by Possessor

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Promissory Note - Balloon Note

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Irrevocable Proxy

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FAQ

A lis pendens simply alerts 3rd parties to judicial proceedings involving real estate. It does not create an encumbrance on the property.

Lis pendens are used most often in cases of divorce and foreclosure. For example, if a divorcing couple cannot agree on how to divide their interest in the marital home, one spouse may file a lis pendens in order to keep the other spouse from trying to sell the house until the divorce is settled.

A notice of pendency of action provides constructive notice to purchasers of real estate or encumbrancers of real property of any pending court actions affecting title to or possession of real property and allows those parties to find notice of pending litigation in the recorder's office in which the real property is ...

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.

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.