Property Ownership
What is a 'lis pendens' and how does it affect a Nevada real estate transaction?
AA Latin term for the legal description of a Nevada property
BA notice recorded in the public record indicating that a lawsuit is pending that could affect title to the property — it provides constructive notice to potential buyers and lenders✓ Correct
CA Nevada state lien for unpaid property taxes
DA court order preventing a property from being sold
Explanation
Lis pendens ('pending lawsuit') is a recorded document notifying the public that a litigation is underway that may affect the property's title. Anyone purchasing or lending on the property after a lis pendens is recorded takes subject to the outcome of the litigation. In Nevada, lis pendens are common in foreclosure proceedings, divorce actions, and partition suits. A title search will reveal any lis pendens, and the issue must typically be resolved before closing.
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