Escrow & Title
In Illinois, a lis pendens is best described as:
AA lien for unpaid contractor work
BA recorded notice that litigation is pending that may affect title to the property✓ Correct
CA type of easement for public utility access
DA deed restriction placed by the grantor
Explanation
A lis pendens (Latin for 'suit pending') is a recorded notice that informs potential buyers and lenders that the property is subject to pending litigation. It clouds the title and prevents the property from being sold or mortgaged without the buyer/lender being on notice of the lawsuit. Foreclosure actions in Illinois result in a lis pendens being filed against the property in the county recorder's office.
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