Joliet Illinois Release and Termination of Li's Pendent Notice is a legal document used to remove or cancel a notice of pending litigation from a property's title record. A Li's Pendent Notice, also known as a Notice of Pending Action, is filed by a party involved in a lawsuit to provide notice to potential buyers, lenders, and other parties that there is a claim or dispute affecting the property. In Joliet, Illinois, there are two common types of Release and Termination of Li's Pendent Notices: 1. Voluntary Release and Termination: This type of notice is filed when the party who initially filed the Li's Pendent Notice voluntarily chooses to release and terminate it. This usually occurs when the underlying lawsuit has been resolved, settled, or dismissed. 2. Court-Ordered Release and Termination: In some cases, a court may order the release and termination of a Li's Pendent Notice. This typically happens when the court determines that the lawsuit is frivolous, lacks merit, or has been improperly filed. The court's decision to release and terminate the Li's Pendent Notice ensures that the property can be freely transferred or encumbered without being affected by the pending litigation. When filing a Joliet Illinois Release and Termination of Li's Pendent Notice, it is crucial to follow the specific procedures and requirements set forth by the Joliet County Court. The notice should include essential information such as the case name and number, a description of the property in question, the reason for the release or termination, and the signature of the party seeking the release. By promptly filing the Release and Termination of Li's Pendent Notice with the appropriate court or recorder's office, the property owner or interested party can ensure that the property's title reflects the resolution of the underlying lawsuit, providing clarity and peace of mind to potential buyers, lenders, and other parties involved in future transactions. Keywords: Joliet, Illinois, Release and Termination of Li's Pendent Notice, pending litigation, property title, Notice of Pending Action, claim, dispute, Voluntary Release and Termination, Court-Ordered Release and Termination, frivolous lawsuit, Joliet County Court, property transfer, encumbrance, case name and number, property description.
Joliet Illinois Release and Termination of Lis Pendens Notice
Category:
State:
Illinois
City:
Joliet
Control #:
IL-LR081T
Format:
Word;
Rich Text
Instant download
Description
Release of Lis Pendens: This release affects a previous pending suit involving real property. The release places the public on notice that there are no longer any suits.
Joliet Illinois Release and Termination of Li's Pendent Notice is a legal document used to remove or cancel a notice of pending litigation from a property's title record. A Li's Pendent Notice, also known as a Notice of Pending Action, is filed by a party involved in a lawsuit to provide notice to potential buyers, lenders, and other parties that there is a claim or dispute affecting the property. In Joliet, Illinois, there are two common types of Release and Termination of Li's Pendent Notices: 1. Voluntary Release and Termination: This type of notice is filed when the party who initially filed the Li's Pendent Notice voluntarily chooses to release and terminate it. This usually occurs when the underlying lawsuit has been resolved, settled, or dismissed. 2. Court-Ordered Release and Termination: In some cases, a court may order the release and termination of a Li's Pendent Notice. This typically happens when the court determines that the lawsuit is frivolous, lacks merit, or has been improperly filed. The court's decision to release and terminate the Li's Pendent Notice ensures that the property can be freely transferred or encumbered without being affected by the pending litigation. When filing a Joliet Illinois Release and Termination of Li's Pendent Notice, it is crucial to follow the specific procedures and requirements set forth by the Joliet County Court. The notice should include essential information such as the case name and number, a description of the property in question, the reason for the release or termination, and the signature of the party seeking the release. By promptly filing the Release and Termination of Li's Pendent Notice with the appropriate court or recorder's office, the property owner or interested party can ensure that the property's title reflects the resolution of the underlying lawsuit, providing clarity and peace of mind to potential buyers, lenders, and other parties involved in future transactions. Keywords: Joliet, Illinois, Release and Termination of Li's Pendent Notice, pending litigation, property title, Notice of Pending Action, claim, dispute, Voluntary Release and Termination, Court-Ordered Release and Termination, frivolous lawsuit, Joliet County Court, property transfer, encumbrance, case name and number, property description.
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