lis pendens

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Related to lis pendens: Lis alibi pendens

Lis Pendens

1. Describing property or another asset subject to a pending lawsuit. Because the new owner of such a property or asset is subject to the same lawsuit, it can be difficult or impossible to sell a lis pedens property.

2. Public announcement of a pending lawsuit.

The term is Latin for "suit pending."

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.

References in periodicals archive ?
The dispute over the Vizcaya project ended when BBDT and Tapp worked out an arrangement calling for the lis pendens to be lifted, "and they would go ahead and sell the condos," Lewis said.
Following that discussion, the paper contrasts the different approaches to declining jurisdiction in two regional instruments, namely, the Brussels I Regulation (23) and the Trans-Tasman Treaty, before examining the lis pendens!forum non conveniens interaction and the mechanism for suspending proceedings in the Draff Conventions.
Kitas labai svarbus pasiulymo del reglamento pakeitimo elementas, susijes su lis pendens taisykle, yra itraukimas teises normos 31 pasiulymo straipsnyje, kad jei civiline byla yra iskelta vienoje valstybeje nareje, o del laikinuju apsaugos priemoniu yra kreipiamasi i kitos valstybes nares teisma, tai abu teismai turi bendradarbiauti, iskaitant gavima visos reikalingos informacijos apie bylos aplinkybes, ar tikrai yra butina skubiai taikyti tokias priemones, arba kodel buvo atsisakyta laikinasias apsaugos priemones taikyti toje valstybeje nareje, kurioje yra nagrinejama byla.
Title remains in A until some bona fide purchaser from C records, thereby divesting A, unless A and B may win the race by some method other than being first to record, such as a lis pendens action or by A physically occupying the property, which would preclude subsequent grantees from becoming bona fide purchasers.
SFSC claimed it did not accept either of these offers because it would have been unable to convey clear title due to the lis pendens.
The appeal appears to be groundless and is merely a stall tactic to prolong the lis pendens, which has not been discharged.
Foreclosure basically begins once a homeowner defaults on mortgage payments and the lender files a public default notice or Lis Pendens. That means you have the opt on of buying a property in pre-foreclosure by negotiating a fair price with the homeowner.
Eleven days after the court dismissed the pro se litigants' claims, one plaintiff "recorded a notice of lis pendens in the ...
RealtyTrac's report incorporates documents filed in all three phases of foreclosure: Default -- Notice of Default (NOD) and Lis Pendens (LIS); Auction -- Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank).
Lis Pendens. Section 1083 does not expressly provide for prejudgment attachment of property in anticipation of a judgment.