Houston Texas Lis Pendens Lien

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

Description

Lis Pendens Lien In Houston, Texas, a Li's Pendent Lien is a legal notice filed on a property's public records to give notice to potential buyers and lenders that there is a pending lawsuit involving that property. The term "is pendent" is Latin, meaning "lawsuit pending." This lien is typically filed by a party involved in a real estate dispute, such as a homeowner, creditor, or other interested party. A Li's Pendent Lien serves as a public record notice, meaning that anyone searching the property's title will be alerted to the pending litigation. It prevents the property owner from selling or refinancing the property without the buyer or lender being aware of the legal proceedings. Additionally, this lien may serve to preserve the property's value during the course of the lawsuit. There are various types of Li's Pendent Liens that can be filed in Houston, Texas, depending on the nature of the lawsuit. Some common types include: 1. Foreclosure Li's Pendent: This type of lien is filed when a lender initiates foreclosure proceedings against a property owner for the non-payment of mortgage or loan debt. 2. Divorce Li's Pendent: In divorce cases where the marital property is in dispute, one party may file a Li's Pendent Lien to prevent the other party from selling or transferring the property during the divorce proceedings. 3. Boundary Dispute Li's Pendent: When there is a legal dispute over the property boundaries, one party may file this type of lien to give notice to potential buyers and prevent the property's transfer until the dispute is resolved. 4. Construction Defect Li's Pendent: This lien may be filed by a homeowner or contractor to inform potential buyers or lenders that there is a lawsuit pending regarding construction defects or faulty workmanship on the property. 5. Contract Dispute Li's Pendent: If there is a disagreement between parties regarding a real estate contract, such as non-performance or breach of contract, one party may file a Li's Pendent Lien to protect their interests and notify others about the ongoing legal dispute. It is important to note that a Li's Pendent Lien does not automatically imply guilt or fault; rather, it is a legal tool to provide public notice of a pending lawsuit. Potential buyers and lenders who come across such a lien should exercise caution and conduct thorough due diligence before proceeding with any transactions involving the property.

In Houston, Texas, a Li's Pendent Lien is a legal notice filed on a property's public records to give notice to potential buyers and lenders that there is a pending lawsuit involving that property. The term "is pendent" is Latin, meaning "lawsuit pending." This lien is typically filed by a party involved in a real estate dispute, such as a homeowner, creditor, or other interested party. A Li's Pendent Lien serves as a public record notice, meaning that anyone searching the property's title will be alerted to the pending litigation. It prevents the property owner from selling or refinancing the property without the buyer or lender being aware of the legal proceedings. Additionally, this lien may serve to preserve the property's value during the course of the lawsuit. There are various types of Li's Pendent Liens that can be filed in Houston, Texas, depending on the nature of the lawsuit. Some common types include: 1. Foreclosure Li's Pendent: This type of lien is filed when a lender initiates foreclosure proceedings against a property owner for the non-payment of mortgage or loan debt. 2. Divorce Li's Pendent: In divorce cases where the marital property is in dispute, one party may file a Li's Pendent Lien to prevent the other party from selling or transferring the property during the divorce proceedings. 3. Boundary Dispute Li's Pendent: When there is a legal dispute over the property boundaries, one party may file this type of lien to give notice to potential buyers and prevent the property's transfer until the dispute is resolved. 4. Construction Defect Li's Pendent: This lien may be filed by a homeowner or contractor to inform potential buyers or lenders that there is a lawsuit pending regarding construction defects or faulty workmanship on the property. 5. Contract Dispute Li's Pendent: If there is a disagreement between parties regarding a real estate contract, such as non-performance or breach of contract, one party may file a Li's Pendent Lien to protect their interests and notify others about the ongoing legal dispute. It is important to note that a Li's Pendent Lien does not automatically imply guilt or fault; rather, it is a legal tool to provide public notice of a pending lawsuit. Potential buyers and lenders who come across such a lien should exercise caution and conduct thorough due diligence before proceeding with any transactions involving the property.