Lis pendens means "a suit pending". A lis pendens is a written notice that a lawsuit has been filed involving the title to real property or some interest in that real property. Notice to the defendant who owns the property and potential buyers or financiers is given by filing the lis pendens with the clerk of the court, certifying that it has been filed, and then recording it with the County Recorder. The lis pendens must include a legal description of the real property, and the lawsuit must involve the property.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Wyoming Li's Pendent Notice in Connection with Action to Foreclose serves as a public notice to potential buyers, lenders, and other interested parties that a property is the subject of a court action related to foreclosure. This legal document aims to alert parties involved in real estate transactions about the ongoing lawsuit and claims against the property. The primary purpose of a Wyoming Li's Pendent Notice in Connection with Action to Foreclose is to protect the rights and interests of parties involved in a foreclosure case. By filing this notice with the county clerk's office where the property is located, the plaintiff ensures that any subsequent buyer or lender has constructive notice of the litigation. The Wyoming Li's Pendent Notice contains essential details about the ongoing foreclosure action, including the names of the parties involved, the court in which the lawsuit is pending, the case number, a description of the property, and the nature of the claims. This notice establishes a cloud on the property's title, putting potential buyers or lenders on notice that their interests may be subject to the outcome of the foreclosure proceeding. In Wyoming, there are two primary types of Li's Pendent Notices in Connection with Action to Foreclose: 1. Pre-foreclosure Li's Pendent Notice: This notice is filed at the beginning of the foreclosure process, often when the lender commences a lawsuit against the property owner for defaulting on their mortgage payments. By filing the pre-foreclosure Li's Pendent Notice, the lender aims to safeguard their claim to the property and inform future purchasers or lenders about the pending foreclosure action. 2. Li's Pendent Notice during Foreclosure: If the foreclosure case progresses to court, a Li's Pendent Notice is typically re-filed or updated to reflect the ongoing litigation. This notice underscores that the property is still subject to the foreclosure action and that any potential buyers or lenders should be aware of the pending legal proceedings. Filing a Wyoming Li's Pendent Notice in Connection with Action to Foreclose ensures that interested parties can conduct due diligence and make informed decisions regarding the property purchase or financing. It is a crucial step in providing public notice and maintaining transparency throughout the foreclosure process.
