Escrow & Title
In South Dakota, a 'lis pendens' (notice of pending suit) recorded on a property provides notice that:
AThe property is being sold at auction
BA lawsuit affecting the property's title is pending, and any purchaser buys subject to the lawsuit's outcome✓ Correct
CThe property has been condemned by a government agency
DThe property taxes are delinquent
Explanation
A lis pendens is recorded to warn prospective buyers and lenders that a lawsuit affecting the property's title is pending. Anyone who acquires the property after a lis pendens is recorded takes subject to the outcome of the lawsuit.
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