Lis Pendens
An official notice that informs the public that a lawsuit has been filed involving a claim on the property. A buyer of a property must assume any litigation that exists pertaining to the property when a lis pendens is filed.
- Example : Stripe County filed a lis pendens on Maggie’s property for unpaid property taxes. John agreed to purchase the property from Maggie. When John’s attorney ordered a title report and found that a lis pendens was filed on the property. John decided not to go through with the purchase because he did not want to face the lawsuit by Stripe County.
