Release Of Lis Pendens Meaning In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
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 an official notice to the public that a lawsuit has been filed and a property has a claim against it. When using these Release of Notice of Lis Pendens forms, the subject real estate must be physically located in Davis County.Lis pendens serves as a formal notice of a pending lawsuit involving real property. A release of lis pendens notice is a type of surety bond that allows the defendant to carry out the sale of the property. Where can I get legal forms or help completing them?
