Escrow & Title
A Mississippi title search reveals a 'lis pendens' recorded against the property. A lis pendens means:
AThe property has been sold at tax auction
BA lawsuit has been filed that may affect title to the property✓ Correct
CThe property is in foreclosure
DThere is an unpaid mechanic's lien
Explanation
A lis pendens (Latin for 'pending suit') is a recorded notice that litigation has been filed that may affect title to the property. Purchasers who buy property after a lis pendens is recorded take subject to the outcome of the pending litigation.
Related Mississippi Escrow & Title Questions
- A Mississippi property is purchased and the buyer takes title subject to an existing deed of trust that was not paid off at closing. The original borrower (seller) should know they:
- The purpose of a 'no-lien affidavit' provided by a Mississippi seller at closing is to:
- A Mississippi buyer discovers after closing that a neighbor has been using a portion of the purchased property as a driveway for 15 years under a claim of prescriptive easement. This is an example of:
- At a Mississippi closing, the buyer receives a Closing Disclosure. The lender is required to provide the final CD to the buyer at least:
- When appraising title in Mississippi, an examiner discovers an old mortgage from 1985 that was never formally released. This is a:
- In Mississippi, a 'special warranty deed' differs from a 'general warranty deed' in that the special warranty deed:
- A Mississippi seller who has lived in the home as their primary residence for two of the five years before the sale may qualify for the federal capital gains tax exclusion of:
- In a Mississippi transaction, the 'transfer of possession' occurs when:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →