In Illinois, a Lis Pendens is a legal notice that is filed in the public records to indicate that there is a pending lawsuit involving a particular piece of real estate. The term "lis pendens" is Latin for "suit pending."
When a lis pendens is filed, it serves as a warning to potential buyers or lenders that the property is involved in litigation, which could affect the ownership or title of the property. This notice effectively ties up the property, making it difficult to sell or refinance until the lawsuit is resolved. The purpose of a lis pendens is to protect the party who filed the lawsuit by ensuring that the property cannot be transferred or encumbered without resolving the legal dispute first.
If you have received a Lis Pendens notice effecting your home, you have options. At The Law Center, we are a team of specialists that are passionate and up to date about the foreclosure process from start to finish and helping businesses and owners at the highest level. Our staff and attorneys approach each client and each property as a new challenge, one that requires thorough analysis, zealous representation, and thoughtful strategy. It’s your investment, let The Law Center help you defend it.
Call us now and speak with a foreclosure expert on how you can make the foreclosure process work for you -- not against you. (312) 600-8815
223 W Jackson Blvd
Suite 630
Chicago, Illinois 60606
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