Filing Lis Pendens In New York In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00403BG
Format:
Word
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Description
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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Visit your county recorder's office and ask to file a Notice of Lis Pendens. To file and record a lis pendens against real estate, the claimant must have made a "real property claim" in the underlying litigation.A lis pendens is not a mechanics lien, but it is often required as part of the lien process. Remember that a lis pendens is a notice of a pending lawsuit. Historically known as lis pendens, a notice of pendency constructively gives notice of the ownership dispute to any potential thirdparty. Lis pendens is a longstanding, frequently misunderstood doctrine concerning unorthodox interests in real estate. You would have to start a lawsuit in NH and place the LP as part of that lawsuit. A lis pendens can be filed only after a valid claim is initiated against the property title. Either party to a divorce can file a Notice of Lis Pendens in their pending divorce case. A notice of pendency, also known as lis pendens, is a provisional remedy available to litigants seeking a judgment that affects title to real property.
