#704

A type of document, which is recorded, which informs persons interested in buying a property that the property could possibly become liable to a judgement issued against it in a lawsuit. This document is known as a writ of attachment through satisfaction of habendum clause.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. False

The type of document we're referring to is know as lis pendens.

Lis pendens is latin for "in pending" which is constructive notice given to an interested party that the property may be affected by the outcome of a pending lawsuit.

Habendum Clause is latin for "to have and to hold" which may be included after the granting clause in a deed and will describe the real estate variety.

Earth

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Posted by David Saks on 06/28/2010 11:23 AM   Comments (0)   Theory and Practice in the ActiveRain Channel   theory and practice  
Originally posted at: David Saks: Real Estate Practice : Lesson 704
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