What does Lis Pendens Mean?

foreclosure-property-for-saleA Lis Pendens is not a legal term that most people are familiar with. For most homeowners, they are aware of the presence of this term only if this filed notice stops them from refinancing a home loan. That’s to say, the real restate concerned is involving a pending lawsuit and this particular property’s title is doubtful. At the same time, this notice is also considered a bad signal for a potential purchaser or lender. Continue reading What does Lis Pendens Mean?