Escrow & Title
In Minnesota, a 'notice of pendency of action' (lis pendens) is typically filed in a case involving:
AUnpaid property taxes
BLitigation that may affect the title or ownership of real property, such as a boundary dispute or foreclosure✓ Correct
CBuilding code violations
DEnvironmental contamination
Explanation
A lis pendens (notice of pendency of action) is filed when litigation is pending that may affect title to or ownership of real property. Common examples include foreclosure actions, quiet title actions, boundary disputes, and specific performance lawsuits.
Related Minnesota Escrow & Title Questions
- In Minnesota, a closing disclosure (CD) provided under TRID rules must be given to the buyer at least:
- The ALTA owner's title insurance policy provides broader protection than a standard policy by covering:
- In Minnesota, which of the following correctly describes the order of distribution of sale proceeds at a foreclosure sale?
- In Minnesota, which of the following would NOT be insured under a standard owner's title insurance policy?
- A Minnesota deed must be recorded to be valid against:
- In Minnesota, which party is responsible for preparing the deed that conveys title to the buyer at closing?
- In Minnesota, a 'construction lien' (mechanic's lien) differs from a mortgage in that:
- A Minnesota property is sold via auction. Which type of deed is typically used in an auction sale?
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