And when and where?
thanks
2007-07-18 13:48:50 · 4 answers · asked by Shawn 2 in Business & Finance ➔ Renting & Real Estate
That is actually a very good question.
It's not a requirement, but most of them do because when a trustee finds out they need to foreclose, it takes them several weeks to put the deal together. The Lis Pendens is filed to keep things simply and discourage others from filing liens...b/c even if they don't get paid in the end...they still have to be notified, dealt with, etc.
2007-07-18 14:40:53 · answer #1 · answered by Expert8675309 7 · 0⤊ 0⤋
Why would they? A Lis Pendens serves notice that a suit has been or is about to be filed that may cloud the title on the property. Mortgage lenders don't need to do that as the mortgage is already on the property record.
2007-07-18 13:53:52 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
No one is ever required to file a lis pendens. A lis pendens is merely a notice attached to a property title giving advance notice to searchers that a lien is in the process of being filed.
If you don't feel that advance notice is needed that you are going to file a property lien, then the lis pendens is of no value to you.
2007-07-18 13:55:38 · answer #3 · answered by acermill 7 · 0⤊ 0⤋
I am gonna take a stab here. My answer is yes. And where, City Hall.
2007-07-18 15:06:04 · answer #4 · answered by Special K 1 · 0⤊ 0⤋