Escrow & Title
A lis pendens recorded against an Iowa property provides notice that:
AThe property is for sale by owner
BThere is a pending lawsuit affecting the title or ownership of the property✓ Correct
CThe property taxes are delinquent
DAn environmental cleanup is required
Explanation
A lis pendens (notice of pending action) is recorded in the county recorder's office to notify prospective purchasers and lenders that there is pending litigation affecting the property's title. A subsequent purchaser takes title subject to the outcome of the lawsuit.
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