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What does lis pendens mean in legal terms?

The doctrine of lis pendens literally means pending suit, and lis pendens notices are the machinery whereby a party with an unrecorded or unperfected claim to real property can put third persons interested in the property on notice of the claim or interest.

What is a lis pendens in Colorado?

Colorado Lis Pendens Information In Colorado a Lis Pendens should only be filed after a lawsuit affecting title to real property has been initiated. The Lis Pendens gives constructive notice to the world that litigation is pending and if you buy the property you are subject to the outcome of said litigation.

What are examples of lis pendens?

For example, if buyer A and a seller enter into a contract for the sale of a home and the seller decides to sell the house to buyer B, buyer A may sue the seller to enforce the sale. The buyer can file a lis pendens after filing a lawsuit, making it difficult for the seller to sell the house.

Is a lis pendens another name for a notice of pendency?

A lis pendens also called a notice of pendency of action is a special type of legal document filed with a county recorder.

Is a lis pendens action effective?

A recorded lis pendens effectively clouds the title to the property described in the notice and, as a practical matter, it impedes or prevents a sale or encumbrance of the property until the litigation is resolved or the lis pendens is expunged.

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What does lis pendens indicate?

Latin for suit pending. Lis pendens is construed to be the jurisdiction, power, or control which courts acquire over property involved in a suit, pending the continuance of the action, and until final judgment.

Is a lis pendens another name for a notice of pendency?

A lis pendens also called a notice of pendency of action is a special type of legal document filed with a county recorder.

What is the reason for lis pendens?

Lis pendens is almost always used by lenders who have filed a notice of default on a delinquent borrower. Banks use the procedure to notify the public that a property is in foreclosure. Other creditors whose debt is secured by property can also foreclose on a property.

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What does lis pendens mean in legal terms?

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