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Recording a lis pendens against a piece of property alerts a potential purchaser or lender that the property’s title is in question, which makes the property less attractive to a buyer or lender. Once the notice is filed, the legal title of anyone who purchases the land or property described in the notice is subject to the outcome of the lawsuit.
This is accomplished through the filing of a lis pendens as part of the lawsuit and recordation of it in order to provide public notice of the pendency of the foreclosure action. In all U.S. jurisdictions, a lender who conducts a foreclosure sale of real property that has a federal tax lien must give 25 days notice of the sale to the Internal ...
A general creditor, who has not reduced the debt owed to a judgment, must file a "bill in equity" with the court and must file a notice of lis pendens on the property alleged to have been the subject of a fraudulent or voluntary conveyance. The issue of whether the conveyance is one that can be upset will then be tried in court.
A lis pendens puts the “world on notice” that a lawsuit relating to your property may be pending. If you plan on borrowing money for any reason or getting a new credit card, ...
The principle of lis alibi pendens (Latin for 'dispute elsewhere pending') applies in municipal law, public international law, and private international law to address the problem of potentially contradictory judgments. If two courts were to hear the same dispute, it is possible they would reach inconsistent decisions.
lis alibi pendens: lawsuit elsewhere pending Refers to requesting a legal dispute be heard that is also being heard by another court. To avoid possibly contradictory judgements, this request will not be granted. lis pendens: suit pending Often used in the context of public announcements of legal proceedings to come. Compare pendente lite (below ...
A lien must be based on a valid claim. [citation needed] Under Texas law, a mechanic's lien must have a valid basis. [4]Under New York law, a lis pendens, or notice of pendency of a claim against real property, must be valid, such as a pending divorce lawsuit.
Lien; Lienee – property owner who grants the lien; Lienor – person who benefit from the lien; Lien holder – person who benefit from the lien; Life estate; Life tenant – owner of a life estate; Like-kind property exchange; Limited liability company (LLC) Limited partnership; Liquidated damages; Liquidation value; Lis pendens; Listing ...
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