Wake North Carolina Release of Lis Pendens

• Category: Real Estate - Lis Pendens
• State: Multi-State
• County: Wake
• 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. The Wake North Carolina Release of Li's Pendent is a legal document that signifies the removal of a Notice of Li's Pendent on a property located in Wake County, North Carolina. When this release is filed, it indicates that a lawsuit or legal claim against the property has been resolved or dismissed, thus allowing the property to be freely transferred or sold without any encumbrances. In Wake County, North Carolina, there are various types of Release of Li's Pendent depending on the specific circumstances or reasons for the filing. These may include: 1. Voluntary Release of Li's Pendent: This type of release is filed by the party who originally filed the Notice of Li's Pendent. It typically occurs when the legal dispute or lawsuit has been settled, dismissed, or resolved in favor of the property owner. 2. Judgement Release of Li's Pendent: This release is filed when a judgement has been reached in a lawsuit related to the property. It demonstrates that a court ruling or decision has been made, which affects the status of the Li's Pendent. 3. Court Dismissal Release of Li's Pendent: In cases where the lawsuit or legal claim against the property has been dismissed by the court, either due to lack of evidence, procedural errors, or settlement between parties, this release is filed by the court clerk to signify the removal of the Li's Pendent. 4. Expiration Release of Li's Pendent: If the time limit specified in the original Notice of Li's Pendent has expired, and no action has been taken to extend or renew it, this release is filed to remove the encumbrance on the property. 5. Settlement Release of Li's Pendent: When parties involved in a lawsuit reach a settlement agreement, they can file a release to remove the Li's Pendent from the property. This release is usually accompanied by the details of the settlement agreement, outlining the terms and conditions agreed upon. 6. Meritorious Claim Release of Li's Pendent: In some cases, when the party who filed the Notice of Li's Pendent fails to prove a meritorious claim, the property owner can request the court to issue a release based on the lack of valid grounds for the claim. In summary, the Wake North Carolina Release of Li's Pendent is a crucial document that signifies the removal of a Notice of Li's Pendent on a property in Wake County. Different types of releases exist depending on the circumstances, including voluntary releases, judgement releases, court dismissal releases, expiration releases, settlement releases, and meritorious claim releases. These releases play a vital role in ensuring the unencumbered transfer or sale of the property.

The Wake North Carolina Release of Li's Pendent is a legal document that signifies the removal of a Notice of Li's Pendent on a property located in Wake County, North Carolina. When this release is filed, it indicates that a lawsuit or legal claim against the property has been resolved or dismissed, thus allowing the property to be freely transferred or sold without any encumbrances. In Wake County, North Carolina, there are various types of Release of Li's Pendent depending on the specific circumstances or reasons for the filing. These may include: 1. Voluntary Release of Li's Pendent: This type of release is filed by the party who originally filed the Notice of Li's Pendent. It typically occurs when the legal dispute or lawsuit has been settled, dismissed, or resolved in favor of the property owner. 2. Judgement Release of Li's Pendent: This release is filed when a judgement has been reached in a lawsuit related to the property. It demonstrates that a court ruling or decision has been made, which affects the status of the Li's Pendent. 3. Court Dismissal Release of Li's Pendent: In cases where the lawsuit or legal claim against the property has been dismissed by the court, either due to lack of evidence, procedural errors, or settlement between parties, this release is filed by the court clerk to signify the removal of the Li's Pendent. 4. Expiration Release of Li's Pendent: If the time limit specified in the original Notice of Li's Pendent has expired, and no action has been taken to extend or renew it, this release is filed to remove the encumbrance on the property. 5. Settlement Release of Li's Pendent: When parties involved in a lawsuit reach a settlement agreement, they can file a release to remove the Li's Pendent from the property. This release is usually accompanied by the details of the settlement agreement, outlining the terms and conditions agreed upon. 6. Meritorious Claim Release of Li's Pendent: In some cases, when the party who filed the Notice of Li's Pendent fails to prove a meritorious claim, the property owner can request the court to issue a release based on the lack of valid grounds for the claim. In summary, the Wake North Carolina Release of Li's Pendent is a crucial document that signifies the removal of a Notice of Li's Pendent on a property in Wake County. Different types of releases exist depending on the circumstances, including voluntary releases, judgement releases, court dismissal releases, expiration releases, settlement releases, and meritorious claim releases. These releases play a vital role in ensuring the unencumbered transfer or sale of the property.