Escrow & Title
A Connecticut property owner receives a letter stating that their property is subject to a 'lis pendens' filed by a former contractor. The property owner wants to sell. The lis pendens:
AHas no effect on the sale since it is just a notice
BClouds the title and must be resolved before the owner can convey clear title to a buyer✓ Correct
CAutomatically expires after 90 days
DOnly affects the property if a judgment is also recorded
Explanation
A lis pendens clouds title by putting the world on notice of pending litigation. Until the underlying lawsuit is resolved or the lis pendens is released, the property owner cannot convey clear, marketable title.
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