Notice of Pending Litigation
Definition
A document typically entered into the public records by the filer of a lawsuit involving real estate to notify interested parties of a legal claim involving that property. If the title to the property is conveyed to another party during the time frame covered by a Notice of Pending Litigation, the notice is transferred along with the title and may compromise its validity for future owners. Also called a lis pendens.
Related Articles
- Understanding Homeowner's Insurance Policies *
- Which High Return Investment Is Right For Your Retirement Savings? *
- The CANSLIM Stock Strategy *
- Basic Bonds Terminology *
- Water Cooler Advice vs. A Financial Planner... No contest *
- Can VAT Help America? *
- Fundamentals of Forex Trading *
- Buy and Hold Stock Strategy *
Related Videos
http://www.businessdictionary.com/definition/Notice-of-Pending-Litigation.html
