What Is a Lis Pendens?
A Lis Pendens (which means pending lawsuit) is a tool that is commonly used to notify a third-party of a pending lawsuit against a real estate property, typically with regard to the title or an interest.
A Lis Pendens (which means pending lawsuit) is a tool that is commonly used to notify a third-party of a pending lawsuit against a real estate property, typically with regard to the title or an interest.
Until the lis pendens is removed, a property owner may find it difficult to sell, finance, or obtain title insurance for the real estate in question. However, once any litigation has been resolved, a lis pendens can be removed through a Florida Release of Lis Pendens.
This legal document will formally remove the lis pendens so that the property title is clear. A release of lis pendens must be recorded with the clerk of the court in the county where the property is located in order for the release to go into effect.
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