Escrow & Title
A lis pendens is a recorded notice that:
AA property has a tax lien
BPending litigation affects the property's title✓ Correct
CThe property is in foreclosure
DA boundary survey has been completed
Explanation
A lis pendens ('pending lawsuit') is a recorded notice that warns potential buyers and lenders that the property's title is subject to an active lawsuit. Anyone who acquires the property takes it subject to the outcome of that litigation.
Related Utah Escrow & Title Questions
- A Utah real estate closing requires which of the following documents to be signed by the seller?
- Buyer's closing costs in Utah typically include all of the following EXCEPT:
- In Utah, the title company's preliminary title report (commitment) is issued to:
- A quitclaim deed in Utah transfers:
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- A mechanic's lien in Utah may be filed by:
- In Utah, the seller customarily pays for the owner's title insurance policy because:
- A Utah buyer takes title 'subject to' an existing mortgage. This means:
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