Illinois Lis Pendens Notice

State:
Illinois
Control #:
IL-SKU-0933
Format:
PDF
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Description

Lis Pendens Notice An Illinois Li's Pendent Notice is a public record that is filed with the county recorder's office in Illinois. It is a formal notice of a pending lawsuit that affects title to real estate. The purpose of an Illinois Li's Pendent Notice is to put potential purchasers, lenders, and other interested parties on notice that the title to the subject property is in dispute. There are two types of Illinois Li's Pendent Notice: a Notice of Foreclosure and a Notice of Other Action. A Notice of Foreclosure is typically filed when a lender is seeking to foreclose on a property due to a borrower’s default on a loan. A Notice of Other Action is filed when a lawsuit is seeking to establish or alter the legal rights, duties, or obligations of parties in connection with a property.

An Illinois Li's Pendent Notice is a public record that is filed with the county recorder's office in Illinois. It is a formal notice of a pending lawsuit that affects title to real estate. The purpose of an Illinois Li's Pendent Notice is to put potential purchasers, lenders, and other interested parties on notice that the title to the subject property is in dispute. There are two types of Illinois Li's Pendent Notice: a Notice of Foreclosure and a Notice of Other Action. A Notice of Foreclosure is typically filed when a lender is seeking to foreclose on a property due to a borrower’s default on a loan. A Notice of Other Action is filed when a lawsuit is seeking to establish or alter the legal rights, duties, or obligations of parties in connection with a property.

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Illinois Lis Pendens Notice