Pennsylvania Lis Pendens Form For Sale In Nassau

State:
Multi-State
County:
Nassau
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

FAQ

To file a lis pendens, the party filing must have or show one of two things: That there is a recorded instrument, usually some mortgage or encumbrance, or perhaps something related to a construction mechanics lien—that potentially provides the filer the right to the property on or in the document.

How Long Does a Lis Pendens Last in Pennsylvania? Under Pennsylvania law, a Lis Pendens typically remains recorded for a period of fifteen years. This duration provides adequate notice to interested parties about ongoing litigation or other legal actions involving the real property.

The Massachusetts lis pendens statute serves to protect the rights of the property owner as well. A memorandum of lis pendens associated with a parcel of real estate creates a “cloud on title” to the property, which can have harsh consequences.

After the action is resolved, the attorney for the plaintiff should file a praecipe to remove the lis pendens and resulting cloud on title. Note that if a defendant believes a lis pendens has been filed improperly, it may make a motion with the court to have it stricken.

Other than resolution of the pending lawsuit, the only way to remove a lis pendens is by expungement, which requires a court order from a circuit judge. If you refuse service or the action is otherwise delayed, the lis pendens remains intact, making it difficult to sell or otherwise transfer a property.

To file a lis pendens, the party filing must have or show one of two things: That there is a recorded instrument, usually some mortgage or encumbrance, or perhaps something related to a construction mechanics lien—that potentially provides the filer the right to the property on or in the document.

More info

First, a filed lis pendens does not create a lien against the affected real estate. Lis pendens is a legal term meaning "lawsuit pending." It is often involved in real estate litigation and in foreclosure cases. A list pendens is a legal document filed in Pennsylvania to notify the public that a property is involved in a lawsuit. Let's restate the elements: 1) a lawsuit, 2) the subject of the suit is the title to a specific property, 3) notice to the world. When the Agreement of Sale is contingent upon receipt of clear title, a lis pendens is a very easy way of cancelling the sale. Filing a Notice of Lis Pendens is an important legal step that can protect the interests of creditors and lienholders when it comes to real estate. Edit, sign, and share lis pendens lien online. No need to install software, just go to DocHub, and sign up instantly and for free. It is clear from the argument today there was consensus that the filing of the lis pendens operates as a substantial drag on the marketability of Rebel Hill.

Trusted and secure by over 3 million people of the world’s leading companies

Pennsylvania Lis Pendens Form For Sale In Nassau