Suffolk New York Release of Lis Pendens

• Category: Real Estate - Lis Pendens
• State: Multi-State
• County: Suffolk
• 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. Suffolk County, New York is one of the most populous counties in the state and is located on Long Island. In legal terms, a Release of Li's Pendent refers to a document filed in the county's land records that releases or eliminates a previously recorded Notice of Pendency (Li's Pendent). A Li's Pendent is a public notice filed by someone with an interest in a piece of real property, typically during a pending lawsuit involving that property. This notice serves as a warning to potential buyers or lenders that there is a legal dispute or claim against the property. Once the issue has been resolved, the Release of Li's Pendent is filed to remove the notice of the pending action. There are different types of Suffolk New York Release of Li's Pendent, each addressing specific situations: 1. Voluntary Release of Li's Pendent: This type is filed when the parties involved in the lawsuit mutually agree to dismiss the claim, resulting in the removal of the Li's Pendent from the public records. 2. Dismissal Release of Li's Pendent: When a court order dismisses the case, this type of Release of Li's Pendent is filed to remove the notice of pending action from the property's records. 3. Settlement Release of Li's Pendent: In cases where the parties reach a settlement agreement, a Settlement Release of Li's Pendent is filed, releasing the property from the pending action. 4. Expungement Release of Li's Pendent: In situations where the original Li's Pendent was improperly filed or recorded in error, an Expungement Release of Li's Pendent is filed to correct the mistake and eliminate the notice of pending action. 5. Withdrawal Release of Li's Pendent: If the party who originally filed the Li's Pendent voluntarily withdraws their claim, they can file a Withdrawal Release of Li's Pendent to remove the notice from the property's records. It's important to note that while the Release of Li's Pendent removes the notice from public records, it does not necessarily dismiss the underlying lawsuit. These releases only address the specific claim against the property itself. Overall, the Release of Li's Pendent in Suffolk New York is a crucial legal document that protects the rights of property owners and potential buyers by clarifying and resolving pending legal issues related to a particular piece of real property.

Suffolk County, New York is one of the most populous counties in the state and is located on Long Island. In legal terms, a Release of Li's Pendent refers to a document filed in the county's land records that releases or eliminates a previously recorded Notice of Pendency (Li's Pendent). A Li's Pendent is a public notice filed by someone with an interest in a piece of real property, typically during a pending lawsuit involving that property. This notice serves as a warning to potential buyers or lenders that there is a legal dispute or claim against the property. Once the issue has been resolved, the Release of Li's Pendent is filed to remove the notice of the pending action. There are different types of Suffolk New York Release of Li's Pendent, each addressing specific situations: 1. Voluntary Release of Li's Pendent: This type is filed when the parties involved in the lawsuit mutually agree to dismiss the claim, resulting in the removal of the Li's Pendent from the public records. 2. Dismissal Release of Li's Pendent: When a court order dismisses the case, this type of Release of Li's Pendent is filed to remove the notice of pending action from the property's records. 3. Settlement Release of Li's Pendent: In cases where the parties reach a settlement agreement, a Settlement Release of Li's Pendent is filed, releasing the property from the pending action. 4. Expungement Release of Li's Pendent: In situations where the original Li's Pendent was improperly filed or recorded in error, an Expungement Release of Li's Pendent is filed to correct the mistake and eliminate the notice of pending action. 5. Withdrawal Release of Li's Pendent: If the party who originally filed the Li's Pendent voluntarily withdraws their claim, they can file a Withdrawal Release of Li's Pendent to remove the notice from the property's records. It's important to note that while the Release of Li's Pendent removes the notice from public records, it does not necessarily dismiss the underlying lawsuit. These releases only address the specific claim against the property itself. Overall, the Release of Li's Pendent in Suffolk New York is a crucial legal document that protects the rights of property owners and potential buyers by clarifying and resolving pending legal issues related to a particular piece of real property.