Austin Texas Lis Pendens Lien

• Category: Texas Court Samples - Real Estate - Lis Pendens
• State: Texas
• City: Austin
• Control #: TX-C153
• Format: PDF

Description

Lis Pendens Lien A Li's Pendent Lien in Austin, Texas refers to a legal document filed by a creditor or a party with a claim against a property owner, usually in the context of a pending lawsuit. "Li's Pendent" is a Latin term that translates to "pending suit". This lien is recorded in the Travis County Clerk's Office and serves as a notice to potential buyers or interested parties that there is a dispute or legal action involving the property in question. When a Li's Pendent Lien is filed, it means that there is a pending legal action related to the property. This action may involve various forms of claims, such as a foreclosure, a boundary dispute, an unpaid judgement, or a lawsuit seeking to enforce a contractual obligation. By filing a Li's Pendent Lien, the claimant aims to ensure that any subsequent parties dealing with the property are aware of the dispute. In Austin, Texas, there are different types of Li's Pendent Liens that can be filed: 1. Foreclosure Li's Pendent Lien: This type of lien is typically filed by a lender or a mortgage company when initiating a foreclosure action against the property owner for defaulting on their mortgage payments. It notifies potential buyers or interested parties that the property may be subject to foreclosure. 2. Boundary Dispute Li's Pendent Lien: In cases where there is a disagreement or legal action over the property's boundary lines, one party may file a Li's Pendent Lien to secure their claim on the disputed area. This type of lien serves as a notice that there is an ongoing boundary dispute affecting the property. 3. Judgement Li's Pendent Lien: In situations where a court has awarded a monetary judgement against a property owner for a debt or legal obligation, the judgement creditor may file a Li's Pendent Lien to alert interested parties that the property may be sold to satisfy the outstanding debt. 4. Contractual Li's Pendent Lien: If there is a breach of contract lawsuit involving a property, the party seeking to enforce the contract may file a Li's Pendent Lien. This type of lien lets potential buyers or interested parties know about the ongoing legal action related to the property. In summary, an Austin, Texas Li's Pendent Lien is a legal document filed by a creditor or party with a claim to a property. It serves as a notice to potential buyers or interested parties that there is a pending lawsuit or dispute involving the property. The different types of Li's Pendent Liens in Austin include foreclosure, boundary dispute, judgement, and contractual liens.

A Li's Pendent Lien in Austin, Texas refers to a legal document filed by a creditor or a party with a claim against a property owner, usually in the context of a pending lawsuit. "Li's Pendent" is a Latin term that translates to "pending suit". This lien is recorded in the Travis County Clerk's Office and serves as a notice to potential buyers or interested parties that there is a dispute or legal action involving the property in question. When a Li's Pendent Lien is filed, it means that there is a pending legal action related to the property. This action may involve various forms of claims, such as a foreclosure, a boundary dispute, an unpaid judgement, or a lawsuit seeking to enforce a contractual obligation. By filing a Li's Pendent Lien, the claimant aims to ensure that any subsequent parties dealing with the property are aware of the dispute. In Austin, Texas, there are different types of Li's Pendent Liens that can be filed: 1. Foreclosure Li's Pendent Lien: This type of lien is typically filed by a lender or a mortgage company when initiating a foreclosure action against the property owner for defaulting on their mortgage payments. It notifies potential buyers or interested parties that the property may be subject to foreclosure. 2. Boundary Dispute Li's Pendent Lien: In cases where there is a disagreement or legal action over the property's boundary lines, one party may file a Li's Pendent Lien to secure their claim on the disputed area. This type of lien serves as a notice that there is an ongoing boundary dispute affecting the property. 3. Judgement Li's Pendent Lien: In situations where a court has awarded a monetary judgement against a property owner for a debt or legal obligation, the judgement creditor may file a Li's Pendent Lien to alert interested parties that the property may be sold to satisfy the outstanding debt. 4. Contractual Li's Pendent Lien: If there is a breach of contract lawsuit involving a property, the party seeking to enforce the contract may file a Li's Pendent Lien. This type of lien lets potential buyers or interested parties know about the ongoing legal action related to the property. In summary, an Austin, Texas Li's Pendent Lien is a legal document filed by a creditor or party with a claim to a property. It serves as a notice to potential buyers or interested parties that there is a pending lawsuit or dispute involving the property. The different types of Li's Pendent Liens in Austin include foreclosure, boundary dispute, judgement, and contractual liens.