Visalia California Release of Notice of Pendency Of Action (Li's Pendent) To Foreclose is a legal document that involves the cancellation or termination of a notice of pendency of action (sometimes referred to as an is pendent) to foreclose on a property in Visalia, California. This notice, which is filed with the county recorder's office, provides public notification that a legal action or lawsuit has been initiated that may affect the title or ownership of a property. In Visalia, California, there are various types of releases of Notice of Pendency Of Action (Li's Pendent) To Foreclose that may occur depending on the circumstances of the underlying legal action. These include: 1. Voluntary Release: This type of release occurs when the party who filed the is pendent voluntarily cancels the notice upon resolution of the legal dispute. It signifies that the party no longer intends to proceed with foreclosure proceedings on the property. 2. Dismissal Release: When the court dismisses the underlying lawsuit or legal action, a dismissal release is issued to formally terminate the is pendent. This release indicates that the court has concluded that the claim or action lacks merit or has been resolved satisfactorily. 3. Expiration Release: If the is pendent was filed for a specific period as per procedural requirements and the specified duration has expired without further action being taken, an expiration release may be issued. This release acknowledges that the time for pursuing the legal claim has lapsed, and the is pendent is no longer valid. 4. Settlement Release: In cases where the involved parties reach a settlement agreement to resolve the legal dispute, a settlement release may be filed. This release signifies that the parties have come to a mutually acceptable resolution and withdraw the is pendent. 5. Court Order Release: If the court issues an order to cancel or terminate the is pendent, a court order release is filed. This release carries the weight of a legal authority's decision and serves as a formal termination of the notice of pendency of action. It is vital to understand that the specific terms and conditions for releasing a notice of pendency of action (is pendent) to foreclose in Visalia, California, will depend on the individual case and the guidance of legal professionals. This description provides an overview of the various types of releases that may be encountered during the foreclosure process, offering a basic understanding of their purpose and implications.