New Mexico Lis Pendens Notice

• Category: Real Estate - Lis Pendens
• State: Multi-State
• Control #: US-01067
• Format: Word; Rich Text

Description

A lis pendens is a written notice of a pending lawsuit involving property. Plaintiff files this lis pendens in order to place defendant on notice that a lien is being sought to compel defendants to convey legal title to the described mineral interest based on the fact that the plaintiff has paid to purchase the interest. The form also contains a Certificate of Service stating that the attorney for the plaintiff has forwarded a correct copy of the document by U.S. Mail. A New Mexico Li's Pendent Notice is a legal document filed by a party with an interest in a property to notify potential buyers and other interested parties about pending litigation involving the property. Also known as a Notice of Pending Litigation, a Li's Pendent Notice is often filed by a plaintiff to protect their claim and prevent the property from being sold or transferred during the legal dispute. In New Mexico, there are two common types of Li's Pendent Notices: 1. Constructive Notice Li's Pendent: This type of notice is filed in the county where the property is located, usually in the office of the County Clerk. Once recorded, it serves as public notice to any potential buyers, lenders, or other parties interested in the property that there is an ongoing legal dispute involving it. The purpose of this notice is to prevent the property's ownership from changing hands without the knowledge of the pending litigation. 2. Actual Notice Li's Pendent: This type of notice is served directly to the parties involved in the litigation, typically as a part of the legal proceedings. While actual notice is often more effective in ensuring the parties involved are aware of the pending litigation, a constructive notice Li's Pendent is crucial in protecting the plaintiff's claim against third parties. It is important to note that filing a Li's Pendent Notice does not automatically guarantee the success of a claim, but it acts as a cautionary measure to prevent the property from being sold or transferred until the legal dispute is resolved. Once the Li's Pendent Notice is recorded, potential buyers and lenders are obliged to investigate the pending litigation before proceeding with any transactions involving the property. In conclusion, a New Mexico Li's Pendent Notice is a legal document that alerts interested parties about pending litigation involving a particular property. It serves as a means to protect the plaintiff's claim and prevent any unauthorized transfers or sales of the property until the legal dispute is resolved. Constructive and actual notice Li's Pendent are the two common types filed in New Mexico.

A New Mexico Li's Pendent Notice is a legal document filed by a party with an interest in a property to notify potential buyers and other interested parties about pending litigation involving the property. Also known as a Notice of Pending Litigation, a Li's Pendent Notice is often filed by a plaintiff to protect their claim and prevent the property from being sold or transferred during the legal dispute. In New Mexico, there are two common types of Li's Pendent Notices: 1. Constructive Notice Li's Pendent: This type of notice is filed in the county where the property is located, usually in the office of the County Clerk. Once recorded, it serves as public notice to any potential buyers, lenders, or other parties interested in the property that there is an ongoing legal dispute involving it. The purpose of this notice is to prevent the property's ownership from changing hands without the knowledge of the pending litigation. 2. Actual Notice Li's Pendent: This type of notice is served directly to the parties involved in the litigation, typically as a part of the legal proceedings. While actual notice is often more effective in ensuring the parties involved are aware of the pending litigation, a constructive notice Li's Pendent is crucial in protecting the plaintiff's claim against third parties. It is important to note that filing a Li's Pendent Notice does not automatically guarantee the success of a claim, but it acts as a cautionary measure to prevent the property from being sold or transferred until the legal dispute is resolved. Once the Li's Pendent Notice is recorded, potential buyers and lenders are obliged to investigate the pending litigation before proceeding with any transactions involving the property. In conclusion, a New Mexico Li's Pendent Notice is a legal document that alerts interested parties about pending litigation involving a particular property. It serves as a means to protect the plaintiff's claim and prevent any unauthorized transfers or sales of the property until the legal dispute is resolved. Constructive and actual notice Li's Pendent are the two common types filed in New Mexico.