Escrow & Title
A lis pendens is different from a lien because a lis pendens:
AAttaches to the property as a financial obligation
BNotifies the public of pending litigation that may affect title, but does not itself impose a financial obligation✓ Correct
CCan only be filed by a mortgage lender
DExpires automatically after 90 days if the lawsuit is not resolved
Explanation
A lis pendens is a notice of pending litigation that may affect title, but it does not itself create a financial obligation against the property. It alerts potential buyers and lenders that if they acquire an interest in the property, they do so subject to the outcome of the pending lawsuit.
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