Property Ownership

In Nevada, what is a lis pendens?

AA lien placed by a contractor for unpaid work
BA recorded notice that a lawsuit is pending that may affect title to real property✓ Correct
CA type of easement for utility access
DA deed restriction limiting use of the property

Explanation

A lis pendens ('suit pending') is a recorded notice that informs potential buyers and lenders that litigation is pending that may affect the title or ownership of the property. It clouds the title until the suit is resolved.

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