FinancingForeclosure_and_defaultMEDIUM
When Ward Lending files a foreclosure lawsuit, a notice is recorded in the land records to warn future buyers that the property is subject to pending litigation. What is that notice called?
Correct Answer
A) Lis pendens
Lis pendens is correct because the facts match a recorded notice that litigation affecting title to the property is pending. That is the best description of the relationship, right, or legal concept tested here.
Answer Options
A
Lis pendensB
Loan modificationC
MortgagorD
Power of saleWhy This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
foreclosure_and_defaultfinancinglis_pendenslitigation
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