Property Ownership
In Oregon, what is the effect of recording a lis pendens against a property?
AIt immediately transfers title to the plaintiff
BIt provides notice of pending litigation affecting title, warning prospective purchasers✓ Correct
CIt creates a lien equal to the amount of the lawsuit
DIt prevents the owner from collecting rents
Explanation
A lis pendens (Latin: 'pending suit') is a recorded notice that litigation is pending that may affect title to the property. It warns prospective buyers and lenders that the property is subject to a claim. Anyone who purchases the property after a lis pendens is recorded takes subject to the outcome of the lawsuit.
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