2007-11-30 06:37:44 · 4 answers · asked by melodyalyssa 2 in Business & Finance ➔ Renting & Real Estate
Lis Pendens is Latin for "Suit Pending" It means someone has a claim, valid or not against the property in question or its owner, and filed a notice in the public records. Release means there is a cancellation which has been filed, canceling or negating the lien or lis pendens notice.
2007-11-30 06:45:39 · answer #1 · answered by john r 6 · 3⤊ 0⤋
A lien is a legal claim against a property, in the event that the property be sold. The lien claim/value must be paid at time of closing in order to satisfy the lien.
A lis pendens (lien pending) means that a potential lien is being filed against the property, but has not yet completely been authorized/recorded. When selling a property, a lis pendens has the same general effect as does an actual lien, since it is considered a cloud against a title.
2007-11-30 06:48:00 · answer #2 · answered by acermill 7 · 3⤊ 1⤋
They are two completely different things.
Release of Lien is filed when a lien has been paid off, and the lienholder files a satisfaction...clearing the title of that particular lien.
Lis Pendens DOES NOT always mean a forclosure. It is latin for "pending" which means that something is in the process of being filed that will negatively affect the title....that could be a lien OR foreclosure.
2007-11-30 06:46:25 · answer #3 · answered by Expert8675309 7 · 0⤊ 2⤋
That the property in question is held "free and clear". A lien against a property simply means the property titleholder owes the lienholder money. A release of lien means that the lienholder no longer holds an interest in the property.
2007-11-30 07:01:11 · answer #4 · answered by james 4 · 0⤊ 3⤋
What Does Lis Pendens Mean
2016-12-08 10:43:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
a release of a lien on the house
2007-11-30 07:10:28 · answer #6 · answered by Fabio G 3 · 0⤊ 1⤋
I don't think its a good gift. A release could be a sexual endeavor or something as innocent as a back rub. You can always tell by the price, if its a simple back massage OK, but if you want more than a simple release it will cost a couple hundred. My buddy told me. lol
2016-03-16 01:07:07 · answer #7 · answered by ? 4 · 0⤊ 0⤋
release lienlis pendens
2016-01-27 03:06:36 · answer #8 · answered by ? 3 · 0⤊ 0⤋
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Hope its in a private room with frosted windows
2016-04-03 01:55:39 · answer #9 · answered by Anonymous · 0⤊ 0⤋
A house in the foreclosure process has had the lien lifted from it and is no longer in foreclosure.
2007-11-30 06:41:21 · answer #10 · answered by Southern Comfort 6 · 0⤊ 4⤋