Release Of Lis Pendens Meaning In Middlesex
Category:
State:
Multi-State
County:
Middlesex
Control #:
US-00403BG
Format:
Word
Instant download
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.
Form popularity
More info
Lis pendens is an official notice to the public that a lawsuit has been filed and a property has a claim against it. A lis pendens is a notice that a lawsuit has been filed regarding either a dispute in ownership of real estate or some other claim of interest in the property.Once the complaint is filed, it enters a Lis pendens, meaning a suit is pending. A release of lis pendens notice is a type of surety bond that allows the defendant to carry out the sale of the property. 'Lis Pendens' is a Latin term that translates to "pending litigation. Think of Lis Pendens as "notice of lawsuit". Once recorded this gives notice to the world that there is litigation pending over a parcel of real property. Lis Pendens (May 1, 2000, Revised February 27, 2009) . WOODLOCK, District Judge.
