Escrow & Title
In Arizona, a lis pendens recorded on a property indicates:
AThe property has been condemned by the city
BThere is a pending lawsuit affecting the title to the property✓ Correct
CThe owner has filed for bankruptcy protection
DA mechanic's lien has been satisfied and released
Explanation
A lis pendens ('suit pending') is a recorded notice that a lawsuit has been filed that may affect title to or an interest in the real property. It warns prospective buyers and lenders of the pending litigation.
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