Form Lis Pendens Foreclosure California In Michigan
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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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It's a public record file that notifies anyone who wishes to research the title history and determine the condition of title on a property . Lis pendens is a notice lenders use when they initiate a foreclosure sale.A notice of lis pendens is a legal document recorded in the chain of title to real property at the local register of deeds that gives notice to everyone. SCAO-Approved Forms for Use in Mortgage Foreclosure. This set of forms is used in mortgage foreclosure. 1. You must first file a lawsuit in which title to the property is at issue between the parties; 2. 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. First, a lawsuit must be filed with the county clerk, and the suit must be pending. First, you can only file a lis pendens if you have a pending lawsuit with the circuit court.
