What is Lis Pendens? | REAL-ESTATE-SALESPERSON Exam Prep

Lis pendens (Latin for "suit pending") is a recorded notice that a lawsuit has been filed affecting title to or possession of real property, warning potential buyers that the property is subject to litigation. 📚 Learn more about Lis Pendens and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Lis Pendens definition: https://www.open-exam-prep.com/glossary/lis-pendens 💡 Exam Tip: Lis Pendens = "lawsuit pending" notice. Creates cloud on title. Warns buyers property is in litigation. Must be recorded to be effective. --- #real-estate #examprep #financeexam #real-estate-salesperson