Lis Pendens
Notice of a pending suit; a public notice given to prospective purchasers and any one else considering an interest in property that the title is being legally challenged, and the outcome is subject to a judicial ruling. For example, a municipality is about to begin an eminent domain proceeding against a parcel of property, an a lis pendens is filed giving public notice of the pending legal action.
Popular Real Estate Terms
Requires collateral to secure the debt. An example of collateral might be one's home. ...
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Protection over and above that of an insurance policy or warranty. ...
Recognizes profit on a long-term construction contract as it is earned gradually during the construction period. This approach is preferred over the completed contract method because it ...
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Person's title to real estate giving him exclusive power and rights owner it. ...
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