West Jordan Utah Release of Lis Pendens

• Category: Utah Court Samples - Real Estate - Foreclosures - Sample Case 2
• State: Utah
• City: West Jordan
• Control #: UT-KS-269-03
• Format: PDF

Description

A03 Release of Lis Pendens The West Jordan Utah Release of Li's Pendent is a legal document that signifies the removal of a filed Li's Pendent in relation to a property in West Jordan, Utah. A Li's Pendent, which translates to "suit pending" in Latin, is a notice filed with the county records' office to indicate that a lawsuit has been initiated involving the property in question. In West Jordan, Utah, there are two main types of Releases of Li's Pendent that can be encountered: Voluntary Releases and Court-Ordered Releases. A Voluntary Release of Li's Pendent occurs when the party who initially filed the Li's Pendent decides to remove it voluntarily. This can happen due to various reasons such as the resolution of a dispute, settlement, or withdrawal of the lawsuit. Once the Voluntary Release of Li's Pendent is filed, it effectively extinguishes the legal notice and clears the property's title from any cloud of litigation. On the other hand, a Court-Ordered Release of Li's Pendent is issued by a judge or court following a motion or request made by one of the parties involved in the lawsuit. This type of release is typically granted when the court deems that there is no longer a valid basis for the Li's Pendent to be maintained. It could be due to a lack of evidence or an agreement reached between the parties. The West Jordan Utah Release of Li's Pendent serves to inform interested parties, such as potential buyers or lenders, that the property in question is no longer encumbered by any pending litigation. This release is vital in restoring the property's marketability and ensuring a clean transfer of ownership. When dealing with a West Jordan Utah Release of Li's Pendent, it is crucial to consult with a qualified attorney or real estate professional familiar with Utah's specific laws and regulations to ensure a smooth and legally compliant process.

The West Jordan Utah Release of Li's Pendent is a legal document that signifies the removal of a filed Li's Pendent in relation to a property in West Jordan, Utah. A Li's Pendent, which translates to "suit pending" in Latin, is a notice filed with the county records' office to indicate that a lawsuit has been initiated involving the property in question. In West Jordan, Utah, there are two main types of Releases of Li's Pendent that can be encountered: Voluntary Releases and Court-Ordered Releases. A Voluntary Release of Li's Pendent occurs when the party who initially filed the Li's Pendent decides to remove it voluntarily. This can happen due to various reasons such as the resolution of a dispute, settlement, or withdrawal of the lawsuit. Once the Voluntary Release of Li's Pendent is filed, it effectively extinguishes the legal notice and clears the property's title from any cloud of litigation. On the other hand, a Court-Ordered Release of Li's Pendent is issued by a judge or court following a motion or request made by one of the parties involved in the lawsuit. This type of release is typically granted when the court deems that there is no longer a valid basis for the Li's Pendent to be maintained. It could be due to a lack of evidence or an agreement reached between the parties. The West Jordan Utah Release of Li's Pendent serves to inform interested parties, such as potential buyers or lenders, that the property in question is no longer encumbered by any pending litigation. This release is vital in restoring the property's marketability and ensuring a clean transfer of ownership. When dealing with a West Jordan Utah Release of Li's Pendent, it is crucial to consult with a qualified attorney or real estate professional familiar with Utah's specific laws and regulations to ensure a smooth and legally compliant process.