Escrow & Title
What is a 'lis pendens' and how does it affect a Delaware real estate transaction?
AA Latin term for the legal description of a property
BA notice recorded in the public records indicating that a lawsuit affecting title to the property is pending — it clouds title and warns potential buyers and lenders✓ Correct
CA court order requiring the property to be sold at public auction
DA recorded document confirming a property's clear title
Explanation
A lis pendens ('suit pending') is a recorded notice that a lawsuit has been filed which may affect title to a specific property. It clouds title and effectively prevents the property from being sold with clear title until the litigation is resolved. Delaware title searches will reveal any recorded lis pendens.
Related Delaware Escrow & Title Questions
- What is 'title opinion' from an attorney in a Delaware closing?
- An owner's title insurance policy in Delaware is typically purchased by:
- What is the primary purpose of recording a deed in Delaware's public records?
- In Delaware, what is a 'cloud on title'?
- Which type of title conveyance gives the grantee the most protection?
- In Delaware, the Recorder of Deeds operates at the:
- Proration at closing adjusts for:
- What is 'intestate succession' and how does it affect title to real property in Delaware?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →