Lis Pendens

What is a Lis Pendens?

Access_Title_Agency_Lis_PendensThe term in real estate known as” Lis Pendens” is Latin for “suit pending”. Recording of the document entitled Lis Pendens provides for the proper notice that a claim is or will be commenced and places it against the property involved. Title searches against properties will often disclose Lis Pendens when a foreclosure proceeding is in process for a mortgage or lien. They may also be filed in a situation where an interest in the property is claimed. Unless the lawsuit is commenced within 1 year from the filing of the Lis Pendens, it may expire of its own accord unless extended by the courts.

Note: No legal advice or suggestions are being given. The above is an excerpt only from an
Underwriting Manual.

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