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840.10 Lis pendens; who may file; effect when void; discharge ...

840.10 Lis pendens; who may file; effect when void; discharge ... 2025

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The document is a Notice of Lis Pendens related to the acquisition of real property in Wisconsin. It serves to inform parties about a jurisdictional offer concerning the property, which is detailed in an attached legal description. The document includes sections for signatures, notary acknowledgment, and relevant identification numbers.

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What does a discharge of lis pendens mean?

There is no specific time frame for how long a lis pendens is valid. Rather, a lis pendens is valid until it is expunged or the underlying case is resolved. If not expunged, a lis pendens is often removed as part of a settlement agreement reached between the parties.

What is the effect of a lis pendens?

What Does Discharge of Lis Pendens Mean? If you receive a discharge of lis pendens, it means your property no longer has a claim or lawsuit against it.

How long is lis pendens valid?

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 the time period when a lis pendens is effective?

The suit or proceeding must be pending before a competent court of jurisdiction. A right to immovable property is directly or specifically involved in the suit. The suit or proceeding must not be collusive. The property in dispute must be transferred or otherwise dealt with by any party to suit.