Escrow & Title
In Iowa, a lis pendens is:
AA type of property lien for unpaid property taxes
BA recorded notice that a lawsuit affecting title to a property is pending✓ Correct
CA survey mark indicating a property boundary
DA legal description used only in agricultural land
Explanation
A lis pendens (Latin: 'suit pending') is a recorded notice that litigation affecting the title to a property is pending. It warns potential buyers and lenders of the disputed claim.
Related Iowa Escrow & Title Questions
- Iowa's FIRPTA withholding requirement applies when:
- An Iowa closing is called a 'dry closing' when:
- A lis pendens recorded against a property gives notice that:
- A cloud on title in Iowa refers to:
- What is the purpose of a satisfaction of mortgage (mortgage release) in Iowa?
- Under Iowa law, which instrument releases the seller's mortgage lien at closing?
- 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:
- Iowa Title Guaranty (ITG) is a state-administered program that:
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