Lis Pendens Release Form With Lien In Arizona
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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 lenders 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. A person who records a false lis pendens will be subject to the penalty of payment of attorney's fees. A petition to remove the lis pendens from real property may be brought by the defendant when the property is not involved in the lawsuit.
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When a Lis Pendens has been filed and the court dismisses the action, the plaintiff(s) have 30 days to issue a Release of Notice of Pendency. A Lis Pendens Notice can be a powerful tool under Arizona law, but it is a narrow tool available only in limited circumstances.In addition to filing the foreclosure action in court, you are also required to record a Notice of Lis Pendens within 5 days of filing. To release a lien, fill out an Arizona release of lien form and file it with the county recorder's office. Finally, you must record a Lis Pendens within 5 days of filing suit. So these are the steps to follow. Edit, sign, and share release of lis pendens form online. No need to install software, just go to DocHub, and sign up instantly and for free. The ProSure Group offers the release of Lis Pendens. If you have any questions on Lis Pendens and surety bonds, call or click here for more information!
