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A Notice on Title serves as notice to anyone searching the title of a property that the property in question may be in breach of local government bylaws or regulations.
In United States law, a is pendent is a written notice that a lawsuit has been filed concerning real estate, involving either the title to the property or a claimed ownership interest in it. The notice is usually filed in the county land records office. ... Li's pendent is Latin for “suit pending”.
It means that a lawsuit is pending against the title of a property. The is pendent is a public notice letting buyers know there is a dispute over the ownership of the property. It is filed in the county clerk's office wherever the title of the actual property is listed.
Effect. Li's pendent is taken as constructive notice of the pending lawsuit, and it serves to place a cloud on the title of the property in question until the suit is resolved and the notice released or the is pendent is expunged.
A is pendent is the Latin term for a Notice of Pendency of Action. It means that a lawsuit is pending against the title of a property. The is pendent is a public notice letting buyers know there is a dispute over the ownership of the property.
In California, it might take a minimum of 120 days, and 180 days in Florida, while in New York it can take as long as 15 months after the notice is filed.
Li's pendent is merely notice to the world that title to the property is being litigated. If it expires, it does not affect the action; it merely ceases to be current notice to the world...
Filing Li's Pendent A is pendent can be filed only after a valid claim is initiated against the property title. Also, it must refer only to the property identified in the suit. It cannot mention properties not related to the suit.
Li's pendent is a public notice of pending lawsuit and is filed with the clerk of the court and is recorded in the same county recorder's office where the title of the property is recorded. The county recorder's office will register a is pendent on a written application by the person filing the lawsuit.
Lenders are usually unwilling to finance a mortgage until the is pendent has been removed from the title. In addition, while a property can still be sold while there is a is pendent, title companies will not insure the property, and that alone should be a deterrent to purchasing.
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