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What is lis pendens used for?

A lis pendens notice is a notice recorded in a real propertys chain of title and is designed to enable interested third parties to discover the existence and scope of pending litigation affecting the title to or asserting a mortgage, lien, security interest, or other interest in real property.

What is lis pendens in property law?

Legal Definition of lis pendens 1 : a pending suit. 2 : a written notice of a pending suit involving property usually filed in the appropriate office (as a registry of deeds) called also notice of pendency. 3a : the jurisdiction and control of the court over property involved in a pending suit.

Can you bond around a lis pendens?

A Lis Pendens Surety Bond is a type of judicial court bond where a Plaintiff seeks to prevent the sale or loan of property by the Defendant. This surety bond ensures that the plaintiff is filing the Lis Pendens in good faith and not under false claims.

How long is a lis pendens good for in Virginia?

A memorandum of lis pendens admitted to record in an action to enforce a zoning ordinance shall expire after 180 days.

What is lis pendens mean in South Carolina?

1928) 147 S.C. 259, 145 S.E. 113. 4. Operation and effect of noticeIn general. Lis pendens notifies potential purchasers that there is pending litigation that may affect their title to real property and that the purchaser will take subject to the judgment, without any substantive rights.

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