Dallas Texas Li's Pendent is a legal term that refers to a notice filed against a property located in Dallas, Texas. "Li's Pendent" is a Latin phrase that translates to "suit pending." It is often used in real estate transactions to inform potential buyers or lenders about a pending lawsuit that may affect the property's ownership or title. When a Li's Pendent is filed, it serves as a public notice, giving notice to interested parties that a legal action has been initiated in a court of law. It acts as a warning sign to potential buyers and lenders to exercise caution when dealing with the property. By filing a Li's Pendent, the claimant seeks to protect their rights and interests in the property by creating a cloud on its title. In Dallas, Texas, there are different types of Li's Pendent that can be filed, including: 1. Foreclosure Li's Pendent: This type of Li's Pendent is filed by a mortgage lender or a lien holder when initiating a foreclosure action against a property due to non-payment or default on the mortgage. 2. Boundary Dispute Li's Pendent: When there is a dispute regarding the boundaries or ownership of a property in Dallas, Texas, one party may file a Li's Pendent to assert their claim and protect their rights during the litigation process. 3. Mechanic's Lien Li's Pendent: A Li's Pendent may be filed by contractors, subcontractors, or suppliers who have not been paid for their services or materials provided for a property construction or improvement project in Dallas. This type of Li's Pendent helps them secure their claim and protect their right to payment by asserting a lien on the property. 4. Divorce Li's Pendent: In the case of a divorce where the division of property is being disputed, one spouse may file a Li's Pendent to put potential buyers and lenders on notice that the property's ownership is subject to a pending divorce proceeding. 5. Quiet Title Li's Pendent: This type of Li's Pendent is filed to resolve ownership disputes or claims such as adverse possession, easements, or conflicting property rights. It aims to establish a clear and marketable title by quieting conflicting claims. In summary, a Dallas Texas Li's Pendent is a legal notice filed against a property located in Dallas, Texas, indicating that there is a pending lawsuit or legal action that may impact the property's ownership or title. The different types of Li's Pendent that can be filed in Dallas include foreclosure, boundary disputes, mechanic's liens, divorce, and quiet title cases.
Dallas Texas Lis Pendens
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