Contracts
What is the legal effect of recording a lis pendens on a South Carolina property?
AIt transfers ownership to the court
BIt provides constructive notice that litigation affecting title is pending✓ Correct
CIt freezes the sale price
DIt removes all existing liens
Explanation
A lis pendens ('suit pending') is a recorded notice that a lawsuit affecting title to or possession of a property is pending. It warns potential buyers and lenders that the title may be affected by the outcome.
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