Property Ownership
A 'lis pendens' recorded against a NJ property provides notice that:
AThe property is under contract for sale
BThere is a pending lawsuit affecting title to the property✓ Correct
CThe property has been condemned
DThe seller has passed away
Explanation
A lis pendens ('lawsuit pending') is a recorded notice that a lawsuit has been filed that may affect the title or ownership of the property, warning prospective buyers and lenders.
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