Property Ownership
In Illinois, what is the legal effect of a lis pendens recorded against a property?
AIt transfers ownership to the plaintiff
BIt provides constructive notice of pending litigation affecting the property✓ Correct
CIt automatically creates a lien on the property
DIt prevents the property from being sold at any price
Explanation
A lis pendens ('pending lawsuit') is a recorded notice that a lawsuit affecting the property is pending. It provides constructive notice to prospective buyers that the property's title may be affected by the outcome of the litigation.
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