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 financiers 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.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Oakland County, Michigan Li's Pendent Notice in Connection with Action to Foreclose is a legal document filed in the county clerk's office to notify the public of a pending foreclosure action on a property located in Oakland County, Michigan. The Li's Pendent Notice serves as a public record indicating that a legal suit has been initiated against the property owner. When it comes to different types of Oakland County, Michigan Li's Pendent Notices in Connection with Action to Foreclose, there are a few variations: 1. Residential Li's Pendent Notice: This type of notice is used when a residential property, such as a house or a condominium, is subject to foreclosure due to non-payment of mortgage or other related reasons. The notice provides information about the property, the mortgage holder, and the grounds for foreclosure. 2. Commercial Li's Pendent Notice: In cases where a commercial property, such as an office building, retail space, or industrial facility, is facing foreclosure, a commercial Li's Pendent Notice is filed. This notice contains specific information about the commercial property and the legal action being taken. 3. Vacant Land Li's Pendent Notice: When undeveloped or vacant land is at risk of foreclosure, a Vacant Land Li's Pendent Notice is filed. This notice includes details about the land, its location, and the reasons leading to the foreclosure action. The Oakland County, Michigan Li's Pendent Notice in Connection with Action to Foreclose is a critical step in the foreclosure process. It helps potential buyers, investors, and other interested parties to become aware that the property is involved in a legal action. The Li's Pendent Notice serves as a warning to any interested parties that any transactions regarding the property may be subject to potential legal issues. It is important for property owners facing foreclosure to seek legal counsel and understand their rights and options. The Li's Pendent Notice is a significant document that can affect the sale, transfer, or refinancing of the property. Potential buyers or investors should also conduct thorough due diligence and seek professional advice prior to engaging in any transactions related to a property with an active Li's Pendent Notice.Oakland County, Michigan Li's Pendent Notice in Connection with Action to Foreclose is a legal document filed in the county clerk's office to notify the public of a pending foreclosure action on a property located in Oakland County, Michigan. The Li's Pendent Notice serves as a public record indicating that a legal suit has been initiated against the property owner. When it comes to different types of Oakland County, Michigan Li's Pendent Notices in Connection with Action to Foreclose, there are a few variations: 1. Residential Li's Pendent Notice: This type of notice is used when a residential property, such as a house or a condominium, is subject to foreclosure due to non-payment of mortgage or other related reasons. The notice provides information about the property, the mortgage holder, and the grounds for foreclosure. 2. Commercial Li's Pendent Notice: In cases where a commercial property, such as an office building, retail space, or industrial facility, is facing foreclosure, a commercial Li's Pendent Notice is filed. This notice contains specific information about the commercial property and the legal action being taken. 3. Vacant Land Li's Pendent Notice: When undeveloped or vacant land is at risk of foreclosure, a Vacant Land Li's Pendent Notice is filed. This notice includes details about the land, its location, and the reasons leading to the foreclosure action. The Oakland County, Michigan Li's Pendent Notice in Connection with Action to Foreclose is a critical step in the foreclosure process. It helps potential buyers, investors, and other interested parties to become aware that the property is involved in a legal action. The Li's Pendent Notice serves as a warning to any interested parties that any transactions regarding the property may be subject to potential legal issues. It is important for property owners facing foreclosure to seek legal counsel and understand their rights and options. The Li's Pendent Notice is a significant document that can affect the sale, transfer, or refinancing of the property. Potential buyers or investors should also conduct thorough due diligence and seek professional advice prior to engaging in any transactions related to a property with an active Li's Pendent Notice.
