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How a Notice of Lis Pendens Impacts a Sale If a buyer records a purchase or property-related transaction after a lis pendens is filed in a New York court, the notice binds them to the outcome of the lawsuit. While it is not the same as a lien, it allows the lawsuit to continue. Fu...
Encumbrances. This catch-all term covers other liabilities that you can inherit at closing such as contractors' liens, deeds, trusts, judgment liens or "lis pendens," which is a notice of impending court action concerning the property. Your title agent and your realtor can explain which...