Escrow & Title
What is a 'Notice of Pendency' (lis pendens) and what is its effect on Nevada real estate?
AA notice of a pending property sale
BA recorded notice that a lawsuit affecting real property is pending, which constructively notifies subsequent buyers and encumbrancers of the litigation✓ Correct
CA pending building permit application
DA notice of an impending foreclosure action
Explanation
A lis pendens is a recorded document that gives constructive notice to the world that litigation affecting the title or ownership of the real property is pending. Anyone who purchases or lends on the property after the lis pendens is recorded takes subject to the outcome of the litigation.
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