Escrow & Title
A lis pendens recorded against a property gives notice that:
AThe property taxes are delinquent
BPending litigation involving the property may affect title✓ Correct
CThe property has environmental contamination
DThe current mortgage is in default
Explanation
A lis pendens ('suit pending') is a recorded notice that litigation has been filed that may affect the title to a specific piece of real property. It warns potential buyers and lenders that the property's title could be affected by the outcome of the lawsuit.
Related Iowa Escrow & Title Questions
- A mechanic's lien in Iowa may be filed by:
- Iowa's Torrens System of title registration differs from the abstract system in that:
- Which party in an Iowa real estate transaction typically selects the title or closing company?
- In Iowa, property taxes become a lien on real property:
- Which lien generally has the highest priority in Iowa in the event of a foreclosure?
- In Iowa, recording a deed in the county recorder's office is important because it:
- In Iowa, after reviewing an abstract of title, an attorney issues a document to confirm marketable title. This is called a(n):
- An Iowa property is encumbered by a restrictive covenant prohibiting commercial uses. The covenant was created in 1952. Under Iowa's Marketable Title Act, this covenant:
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →