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lis pendens |
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lis pendens A document recorded in the real estate records, putting all people on notice that a lawsuit has been filed that will affect title to the described property. If someone buys the property after the filing of the lis pendens notice, then that person takes it subject to any claims that might prove successful in the lawsuit. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Comparing NYC Lis Pendens in Q3 2005 and Q3 2006, we see an increase in defaults across all boroughs; this may be indicative of a future increase in foreclosure rates City-wide. The first thing for a plaintiff to do may be to record a lis pendens (or notice of pendency of action) on the property. There have been over 2800 recent lis pendens filings in Queens, and almost 3000 filings in Kings County. |
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