Release Of Lis Pendens Meaning In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
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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Lis pendens is a latin term that roughly translates to "notice of a pending legal action". A lis pendens is a latin term and is defined as, "a pending legal action, or a notice thereof." In the real estate world, it means a notice, filed in a court. A lis pendens is an official notice to the public that a lawsuit involving a claim on a property has been filed. Lis pendens means "notice of a suit. " It's filed in the conveyance office to allow constructive notice of a suit involving that property. For defendants, a Release of Lis Pendens Bond guarantees cost coverage of the Lis Pendens to release the property back to the defendant selling a property. I would like to file a lis pendens. A notice of a lis pendens (Latin for "suit pending") is an instrument filed in the real property records of a county that indicates a civil lawsuit is pending. 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.
