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What is the purpose of a lis pendens notice?

The consequence of the filing and recordation of a lis pendens clouds the title and prevents the sale of the property until the litigation is resolved or expunged. This is because the filing of the lis pendens binds any subsequent owner to the outcome of the litigation.

What is a notice of lis pendens in New Jersey?

This is a legal notice to show pending litigation relating to real property, and giving notice that anyone acquiring an interest in said property subsequent to the date of the notice may be bound by the outcome of the litigation.

What does notice of pendency mean?

A notice of pendency (also known as a lis pendens ) is a written notice of a judicial proceeding that affects the ownership of property. A notice of pendency is most common in cases relating to real property and is typically filed in the public registry of the county where the affected real property is located.

What is the purpose of a lis pendens?

Lis pendens is a legal means for serving notice to anyone concerned with a piece of real estate that there is a claim and pending legal action against the property. It is important because it notifies potential buyers that another party has a claim to the property.