Form Lis Pendens Foreclosure In Ohio
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
A notice of lis pendens is only available after initiating a valid claim (lawsuit) against the title to real property. When a complaint, including a foreclosure, is filed, the action is pending so as to charge a third person with notice of its pendency.Lis pendens is a notice lenders use when they initiate a foreclosure sale. If you need assistance with real estate foreclosures in Ohio, contact our office for a consultation today at . 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 an official notice to the public that a lawsuit has been filed and a property has a claim against it. It is important that you file an answer within 28 days of receiving the foreclosure complaint. If a foreclosure action, a new Notice must be filed more than 20 days prior to the rendering of final judgment of foreclosure and sale. 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 . In Actions for the Marshaling and Foreclosure of Liens on Real Property.
