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What is “Lis pendens”?

April 26, 2017lis pendens

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What is “Lis pendens”?

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Lis pendens is a term used to indicate that foreclosure action is initiated against the owner (or property).

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Pendens is a Latin term meaning … (click for more) Pendens is a Latin term meaning “suit pending”. The term can refer to any pending lawsuit, but in today’s legal climate, it is used to indicate that a lawsuit has been filed concerning real estate. In the case of a homeowner delinquent with mortgage payments, the lender will file a Notice of Lis Pendens in the county recorder’s or clerk’s office. This becomes the official notice that begins the foreclosure process. The amount of time from when a Lis Pendens is filed to when the property is actually sold at an auction differs greatly from state to state. The borrower will be served with notice of the lawsuit and will be given the option to appear in court and defend their rights. Default Research provides daily listings of these pending suits in the states in which Lis Pendens are required to start the foreclosure process. Lis Pendens records are collected directly from the courthouse or recorder and delivered to our clients.