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WI RE1547 2020-2025 free printable template

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NOTICE OF IS PENDENT Exempt from filing transfer form [s. 77.21(1), 77.22(1) Wis. Stats.] RE1547 05/2020 Ch.32 Wis. Stats. State of Wisconsin, County of ___ In the matter of acquisition of real property
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People Also Ask about

A lis pendens – also called a notice of pendency of action – is a special type of legal document filed with a county recorder.
A lis pendens simply alerts 3rd parties to judicial proceedings involving real estate. It does not create an encumbrance on the property.
Filing a lis pendens asserts the non-debtor spouse's claim to the real property. If there is a lien (the trustee's judicial lien) on real property prior to the non-debtor spouse asserting a claim to the real property, the non-debtor spouse's property rights will be subordinate to the judgment lien.
Lis pendens is a formal notice that there is a pending action, or lawsuit, that could affect the title of the property. However, it serves an even bigger purpose. When a lis pendens is filed, any future transfers of the property are affected by the pending action if it were to be awarded.
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.
A notice of lis pendens under Illinois law for filing in the public records (the office of the county recorder) to provide constructive notice to third parties of a pending legal proceeding affecting or involving Illinois real property.

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WI RE1547 is a Wisconsin Department of Revenue form used for reporting information regarding real estate transactions.
Individuals and entities involved in the sale or transfer of real estate in Wisconsin are required to file WI RE1547.
To fill out WI RE1547, provide details about the property, the seller, the buyer, and the terms of the transaction as outlined in the instructions on the form.
The purpose of WI RE1547 is to collect data for tax assessment and help the state monitor real estate market trends.
The information that must be reported on WI RE1547 includes property description, transaction amount, buyer and seller identification, and any special conditions of sale.
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