Property Ownership
In Michigan, a lis pendens filed against a property affects a buyer who later purchases the property by:
AVoiding the sale automatically
BMaking the buyer take title subject to the outcome of the pending litigation✓ Correct
CRequiring the buyer to post a bond
DDelaying the buyer's ability to obtain title insurance
Explanation
A lis pendens provides constructive notice of pending litigation. A buyer who purchases property after a lis pendens is recorded takes the property subject to the outcome of the lawsuit, which could affect or nullify their title.
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