Lis Pendens

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FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Residential Mortgages

Section 34 of 41

Lis Pendens (The "Red Flag")Latin Translation: "Lawsuit Pending."The Concept: When the lender files the lawsuit, they record a Lis Pendens in the public records.It puts the world on notice: "Warning! There is a lawsuit happening regarding this property. If you buy this house now, you are buying the lawsuit too."