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A lis pendens is a document that is filed in the public records that alerts the world that someone is asserting claim over the property. A lis pendens is not, by itself, a legal bar to purchasing the propertysomeone can still legally close on property with a lis pendens filed on it.
What does notice of pending action mean?
Notice of pendency of action or notice means a notice of the pendency of an action in which a real property claim is alleged. 405.3. Probable validity, with respect to a real property claim, means that it is more likely than not that the claimant will obtain a judgment against the defendant on the claim. 405.4.
What is the pendency of action?
A lis pendens is only lifted once the lawsuit has been settled. Because pending litigation can take months and sometimes years, buyers are often advised to stay clear of these properties.
What is a notice of pendency of action?
A Notice of Intention to Foreclose is your lender telling you that they are planning to foreclose on your property because you are behind on your mortgage payments.
What does notice of pendency mean?
A Notice of Pendency is a document recorded with San Bernardino County. It is a form of lien placed on a property for outstanding unpaid fees, fines or violations on a property. A Notice of Pendency will be removed when the property is brought into compliance and all fines, fees and/or abatement charges have been paid.
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Nov 12, 2003 In July 1999, a lender instituted a mortgage foreclosure action. In conjunction with the foreclosure, the lender filed a lis pendens notice
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