Foreclosure Law Definitions

Lis Pendens (LIS)

A publicly recorded notice of a pending lawsuit against a property owner that may affect the ownership of a property.    Gives notice that anyone acquiring an interest in the property subsequent to the date of the notice may be bound by the outcome of the litigation.  Some states require lenders to file a lis pendens to begin the foreclosure process if a borrower is in default on loan payments.

Back to foreclosure law definitions

Disclaimer

Back to the foreclosure laws for all states

We can help you Sell Your Home to Avoid Foreclosure.

All you have to do is fill out this simple online form for a quick response.

a representative will contact you about how we can help you stop foreclosure today.