Form Lis Pendens Foreclosure In Virginia
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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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Edit, sign, and share va lis pendens online. No need to install software, just go to DocHub, and sign up instantly and for free.Lis pendens is a notice lenders use when they initiate a foreclosure sale. Essentially, a lis pendens is a public notice that a suit concerning title to property is pending. Edit, sign, and share lis pendens property online. A lis pendens is a notice of pending litigation. It constitutes constructive notice of any claims in the suit as to the land. In Virginia, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. Judicial Foreclosure A lis pendens is not a mechanics lien, but it is often required as part of the lien process.
