Tennessee Abstract of Lien Lis Pendens
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How to fill out Tennessee Abstract Of Lien Lis Pendens?
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FAQ
A lis pendens, on the other hand, is a notice that lenders use when they initiate the foreclosure. The lis pendens notifies all parties that the property is part of a lawsuit and is filed with the county recorder's office and made public record.
A lis pendens notice ensures that a judgment entered in a pending suit is enforceable regarding the real property in the hands of a subsequent transferee as if the property were still owned by the litigant-transferor.
A lis pendens ? also called a notice of pendency of action ? is a special type of legal document filed with a county recorder.
Notice of Default ? Foreclosure starts when your lender records a Notice of Default against your property with the Registrar Recorder's office. The Notice of Default tells you the total amount you owe including missed payments and foreclosure fees.
The doctrine of lis pendens literally means ?pending suit,? and lis pendens notices are the machinery whereby a party with an unrecorded or unperfected claim to real property can put third persons interested in the property on notice of the claim or interest.
How long does a judgment lien last in Tennessee? A judgment lien in Tennessee will remain attached to the debtor's property (even if the property changes hands) for ten years.
A lis pendens is an official notice to the public that a lawsuit involving a claim on a property has been filed. Lis pendens is connected to the concept that a property buyer must assume any litigation that exists pertaining to the property.
(a) The abstract of the judgment or decree shall show briefly the names of the parties, plaintiff and defendant, the name of the court, and number of the case, and the amount, and date of judgment or decree, and the names of all parties against whom the judgment or decree is taken.