Escrow & Title
In New Jersey, a lis pendens recorded against a property provides notice that:
AThe property is free of all encumbrances
BLitigation is pending that may affect title to the property✓ Correct
CThe property has been condemned
DA new mortgage has been placed on the property
Explanation
A lis pendens (Latin for 'suit pending') is a recorded notice that a lawsuit is pending which may affect title to the property. It warns potential buyers and lenders that their interests could be affected by the outcome of the litigation.
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