Release Lis Pendens Form With Mortgage In Texas

State:
Multi-State
Control #:
US-00403BG
Format:
Word
Instant download

Description

The Release Lis Pendens form with mortgage in Texas serves as a legal document that nullifies a previously filed lis pendens, which is a notice of pending litigation regarding property. It is particularly useful for attorneys, partnerships, property owners, associates, paralegals, and legal assistants involved in real estate transactions or litigation. This form allows the involved parties to formally request the removal of the lis pendens from public records, signifying the conclusion of any disputes or claims pertaining to the property. Key features of this form include spaces for the identification of the original lis pendens and the authority of the clerk or recorder to make the necessary changes in the official records. Users should fill in their details accurately, including the date and location, to ensure proper processing. It's essential for attorneys to explain the implications of this release to their clients, ensuring all parties understand that the legal claim on the property is effectively nullified. Additionally, legal assistants may find this form essential in supporting attorneys with the paperwork required for real estate transactions. Overall, this form promotes clarity and resolution in property disputes.

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FAQ

A lis pendens has no life of its own apart from the lawsuit that underlies it. If there is no lawsuit, there can be no valid lis pendens. “A lis pendens operates only during the pendency of the underlying suit, and only as to those matters that are involved in the suit.

A release of lis pendens under Texas law to provide notice to third parties that litigation is resolved and title to real property is no longer in controversy.

If someone has filed a Lis Pendens notice (which alerts others that there is a pending lawsuit involving a property), any party involved in the lawsuit can: Ask the court to remove the notice (e.g. Motion to Expunge). Notify all affected parties at least 20 days before the court hearing.

Section 12.0071 - Motion to Expunge Lis Pendens (a) A party to an action in connection with which a notice of lis pendens has been filed may: (1) apply to the court to expunge the notice; and (2) file evidence, including declarations, with the motion to expunge the notice.

A lis pendens does not have a statute of limitations per se. All a lis pendens is, is a notice to the "world" (assuming it is properly recorded with the appropriate recorder's office) that there is pending litigation which could affect title of the property.

A lis pendens has no life of its own apart from the lawsuit that underlies it. If there is no lawsuit, there can be no valid lis pendens. “A lis pendens operates only during the pendency of the underlying suit, and only as to those matters that are involved in the suit.

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Release Lis Pendens Form With Mortgage In Texas