Maria Santos receives a Notice of Pendency (lis pendens) regarding her property in Buffalo, New York. This notice indicates that her lender has begun foreclosure proceedings. Under New York law, what is the primary purpose of filing a lis pendens in a foreclosure action?
Correct Answer
C) To give public notice that litigation affecting the property is pending
A lis pendens (Notice of Pendency) is filed to give public notice that litigation affecting the property is pending. This protects the lender's interests by warning potential buyers or creditors that the property's title is subject to the outcome of the foreclosure lawsuit.
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