Hawaii Release of Lis Pendens

• Category: Real Estate - Lis Pendens
• State: Multi-State
• Control #: US-00403BG
• Format: Word

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. A Hawaii Release of Li's Pendent is a legal document that cancels or releases a notice of pending litigation on a property. When a Li's Pendent is filed, it serves as a public record that there is a lawsuit or legal claim involving the property. Once the case is resolved, or if the parties involved wish to remove the cloud on the property's title, a Release of Li's Pendent is filed. There are two main types of Hawaii Release of Li's Pendent: 1. Voluntary Release of Li's Pendent: This type of release is filed by the party who initially filed the Li's Pendent. It signifies that the legal action has been resolved, settled, or withdrawn, and there is no longer a claim or pending lawsuit on the property. The voluntary release effectively eliminates the notice and restores the property's marketability. 2. Release of Li's Pendent through Court Order: In some cases, a court may order the release of a Li's Pendent. This occurs when the court determines that there is no valid claim or that the lawsuit has been dismissed. The court order serves as an official release, removing the cloud on the property's title and allowing for its free transfer or financing. Keywords: Hawaii, Release of Li's Pendent, voluntary release, court order, pending litigation, legal claim, notice, cloud on title, property, lawsuit, resolved, settled, withdrawn, marketability, court, dismissed, transfer, financing.

A Hawaii Release of Li's Pendent is a legal document that cancels or releases a notice of pending litigation on a property. When a Li's Pendent is filed, it serves as a public record that there is a lawsuit or legal claim involving the property. Once the case is resolved, or if the parties involved wish to remove the cloud on the property's title, a Release of Li's Pendent is filed. There are two main types of Hawaii Release of Li's Pendent: 1. Voluntary Release of Li's Pendent: This type of release is filed by the party who initially filed the Li's Pendent. It signifies that the legal action has been resolved, settled, or withdrawn, and there is no longer a claim or pending lawsuit on the property. The voluntary release effectively eliminates the notice and restores the property's marketability. 2. Release of Li's Pendent through Court Order: In some cases, a court may order the release of a Li's Pendent. This occurs when the court determines that there is no valid claim or that the lawsuit has been dismissed. The court order serves as an official release, removing the cloud on the property's title and allowing for its free transfer or financing. Keywords: Hawaii, Release of Li's Pendent, voluntary release, court order, pending litigation, legal claim, notice, cloud on title, property, lawsuit, resolved, settled, withdrawn, marketability, court, dismissed, transfer, financing.