- videocam Live Online with Live Q&A
- calendar_month @ 1:00 p.m. ET./10:00 a.m. PT
- card_travel Real Property - Transactions
- schedule 60 minutes
Lis Pendens in Real Estate Litigation: Strategies to Assert and Defend Property Rights
TBD
This course is $0 with these passes:
- videocam Live Online with Live Q&A
- calendar_month @ 1:00 p.m. ET./10:00 a.m. PT
- card_travel Real Property - Transactions
- schedule 60 minutes
Welcome! Strafford is now BARBRI! The expert courses you know from the trusted global leader in legal education.
Description
A notice of pendency of action or lis pendens is a notice recorded in a real property's chain of title that is designed to give constructive notice of a lawsuit affecting that property. The lis pendens can be a powerful tool to assert or protect property rights, however, it remains one of the least understood tools in real estate litigation.
The primary purpose of lis pendens is to protect the interests of the party that has filed the lawsuit. The lis pendens notifies other potential purchasers or lenders of ongoing litigation and can effectively enjoin or at least slow down any transfer or encumbrance of the property until the underlying dispute is resolved, thereby preserving the plaintiff's claim.
For the property owner, the effect of the lis pendens can be devastating, preventing the sale and/or refinancing of the property and leading to costly litigation. Depending on the jurisdiction, the owner may be able to initiate a proceeding to remove the lis pendens in the underlying lawsuit or may be able to file a lawsuit to clear title.
Whether representing the buyer, seller, or a third party in a real estate transaction, it is important that counsel understand how lis pendens may impact the transaction, what makes it enforceable, and how to address an improperly filed lis pendens that may be clouding a title.
Listen as our expert panel provides a comprehensive overview of lis pendens in real estate litigation. The panel will provide practical guidance and strategic insights on what owners and claimants need to know to protect and defend their property rights using this powerful—albeit widely misunderstood—litigation tool.
Presented By
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Date + Time
- event
- schedule
1:00 p.m. ET./10:00 a.m. PT
I. Introduction
II. Lis pendens overview
A. Purpose
B. Parties
C. Requirements
D. Effect and duration
E. Defenses
III. Impact on real estate transactions
A. Buyer
B. Seller
C. Third parties
IV. Best practices and strategies for practitioners
The panel will review these and other important issues:
- How can a buyer protect their interests in property until a lawsuit is finally resolved?
- How may a real property owner be impacted by lis pendens? What are possible defenses?
- What are best practices for using lis pendens to assert or defend property rights?
- What are the most common issues that arise with third-party rights, and what are best practices for resolving those issues?
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