Lis Pendens

Course Navigation

Welcome to the course!
The Real Estate Business
Law & Qualifications
License Law And Commission Rules
Authorized Relationships, Duties, And Disclosure
Brokerage Offices and Branch Requirements
Violations Of License Law, Penalties And Procedures
Chapter 8
Property Rights
Title, Deeds And Ownership Restrictions
- Concept of Title. Who Really Owns It?
- Ownership as a "Bundle of Rights"
- Legal Title vs. Equitable Title
- Transfer of Title (Voluntary vs. Involuntary)
- Escheat & Eminent Domain
- Transfer by Voluntary Alienation
- The Will
- Devise
- Transfer by Involuntary Alienation
- Why is this "Involuntary"?
- Probate (The Process)
- Escheat
- Eminent Domain
- Adverse Possession
- Adverse Possession 2
- Notice of Legal Title (Proving you own it)
- Constructive Notice
- Acknowledgment
- Lis Pendens
- Protection of Title
- Chain of Title vs. Abstract of Title
- Title Opinion
- Title Insurance
- Lender's Policy (Mortgagee Policy)
- Deeds
- Parts of a Deed
- Requirements for a Valid Deed
- Types of Statutory Deeds
- Deeds
- Legal Requirements Summary
- Ownership, Limitations & Restrictions
- Government Restrictions
- Private Restrictions
- Easements
- How Easements are Created:
- Leases
- Leases 2
- Liens
- Lien Priority
- Chapter 10 Quiz 10 xp
Legal Descriptions
Real Estate Contracts
Residential Mortgages
Types of mortgages
Real Estate Related Computations And Closing Of Transactions
The Real Estate Markets And Analysis
Real Estate Appraisal
Real Estate Investments And Business Opportunity Brokerage
Taxes Affecting Real Estate
Planning, Zoning And Environmental Hazards
Course Assessments

FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Title, Deeds And Ownership Restrictions

Section 19 of 39

Lis Pendens - "The Red Flag". This is a Latin term meaning "Action Pending" (or "Suit Pending"). Imagine a couple is getting divorced, and they are fighting over who gets the house. Or a lender is starting the foreclosure process but hasn't finished yet.If the owner tries to sell the house during the lawsuit, the new buyer walks into a trap.The lawyer files a Lis Pendens in the public records. It acts as a giant warning sign. It tells any future buyer: "Warning! There is a lawsuit happening regarding this property. If you buy this house, you are buying the lawsuit, too."