In California, the lis pendens, though it serves the useful purpose of notifying potential purchasers of property of pending lawsuits, is subject to serious abuse. A lis pendens effectively prevents alienation of the property until the judgment in the underlying action has become final. For this reason, lis pendens is susceptible to abuse by parties who assert meritless claims to force settlements. The California Legis- lature responded to this problem by enacting a procedure for expunge- ment of a lis pendens recorded in bad faith. Read More…….
Business Litigation
Unlocking the Mystique of the Lis Pendens – A Real Estate Investor’s Guide to Understanding the Mysterious Notice Called the “Lis Pendens”
In the California real estate and lending community, and especially for non real estate attorneys (normal people !!), there is some misunderstanding and hidden mystery about what a notice of lis pendens is, what is Read more…