Kings New York Release of Lis Pendens

• Category: Real Estate - Lis Pendens
• State: Multi-State
• County: Kings
• Control #: US-00403BG
• Format: Word

Description

Lis Pendens means "a suit pending". A lis pendens is a written notice that a lawsuit has been filed involving the title to real property or some interest in that real property. Notice to the defendant who owns the property and potential buyers or lenders is given by filing the lis pendens with the clerk of the court, certifying that it has been filed, and then recording it with the County Recorder. The lis pendens must include a legal description of the real property, and the lawsuit must involve the property. A person who records a false lis pendens will be subject to the penalty of payment of attorney's fees. A petition to remove the lis pendens from real property may be brought by the defendant when the property is not involved in the lawsuit. Kings New York Release of Li's Pendent is a legal document that signifies the withdrawal or cancellation of a Notice of Pendency, called a Li's Pendent, which had been previously filed against a property in the Kings County of New York. When a Li's Pendent is filed, it serves as a public notice that a lawsuit has been initiated involving the property and alerts potential buyers or interested parties about the ongoing legal proceedings. However, certain circumstances may arise that warrant the release or cancellation of this Li's Pendent, which is where the Kings New York Release of Li's Pendent comes into play. It formally notifies all parties involved, including the court, that the litigation or legal dispute concerning the property has been resolved, withdrawn, or dismissed. By submitting the Kings New York Release of Li's Pendent to the appropriate authorities, the property owner effectively removes the cloud on the title caused by the initial Li's Pendent filing. This is particularly useful when the property is to be sold, as the release ensures a clear and marketable title, enabling the transaction to proceed smoothly. It's important to note that while there is typically one standard Kings New York Release of Li's Pendent form, there can be variations depending on the specific circumstances of the cancellation. These may include: 1. Voluntary Release of Li's Pendent: This type occurs when the party who filed the Li's Pendent withdraws it willingly, usually due to a settlement or resolution of the underlying lawsuit. 2. Dismissal Release of Li's Pendent: This variant happens when a court dismisses the lawsuit or legal action associated with the original Li's Pendent filing, resulting in the need to release the notice and clear the title. 3. Withdrawal Release of Li's Pendent: If one or both parties decide to withdraw the lawsuit, this type of release is utilized to remove the Li's Pendent from the records and ensure the property's unencumbered ownership rights. In conclusion, the Kings New York Release of Li's Pendent is an essential legal document used in the Kings County of New York to eliminate the cloud on a property's title caused by a previously filed Li's Pendent. It signifies the resolution, withdrawal, or dismissal of the underlying lawsuit and ensures a clear title, enabling the property's transfer or transaction to proceed smoothly. Different types of releases may include a voluntary release, dismissal release, or withdrawal release, depending on the circumstances of the cancellation.

Kings New York Release of Li's Pendent is a legal document that signifies the withdrawal or cancellation of a Notice of Pendency, called a Li's Pendent, which had been previously filed against a property in the Kings County of New York. When a Li's Pendent is filed, it serves as a public notice that a lawsuit has been initiated involving the property and alerts potential buyers or interested parties about the ongoing legal proceedings. However, certain circumstances may arise that warrant the release or cancellation of this Li's Pendent, which is where the Kings New York Release of Li's Pendent comes into play. It formally notifies all parties involved, including the court, that the litigation or legal dispute concerning the property has been resolved, withdrawn, or dismissed. By submitting the Kings New York Release of Li's Pendent to the appropriate authorities, the property owner effectively removes the cloud on the title caused by the initial Li's Pendent filing. This is particularly useful when the property is to be sold, as the release ensures a clear and marketable title, enabling the transaction to proceed smoothly. It's important to note that while there is typically one standard Kings New York Release of Li's Pendent form, there can be variations depending on the specific circumstances of the cancellation. These may include: 1. Voluntary Release of Li's Pendent: This type occurs when the party who filed the Li's Pendent withdraws it willingly, usually due to a settlement or resolution of the underlying lawsuit. 2. Dismissal Release of Li's Pendent: This variant happens when a court dismisses the lawsuit or legal action associated with the original Li's Pendent filing, resulting in the need to release the notice and clear the title. 3. Withdrawal Release of Li's Pendent: If one or both parties decide to withdraw the lawsuit, this type of release is utilized to remove the Li's Pendent from the records and ensure the property's unencumbered ownership rights. In conclusion, the Kings New York Release of Li's Pendent is an essential legal document used in the Kings County of New York to eliminate the cloud on a property's title caused by a previously filed Li's Pendent. It signifies the resolution, withdrawal, or dismissal of the underlying lawsuit and ensures a clear title, enabling the property's transfer or transaction to proceed smoothly. Different types of releases may include a voluntary release, dismissal release, or withdrawal release, depending on the circumstances of the cancellation.