What is a Notice of Pendency?

What is a Notice of Pendency?

• A. Gives record notice to potential buyers that real property is subject of an equity action.
• B. Provides immediate lien on the property.
• C. Automatically terminates upon filing of the complaint.
• D. Transfers title to the plaintiff.

Answer: (A)

A Notice of Pendency is a recorded notice that real property is the subject of an action that could affect its title. It serves as record notice to prospective buyers and others that litigation could change who holds title or rights in the property. It does not create a lien on the property, it does not automatically terminate when the complaint is filed, and it does not transfer title to the plaintiff. The purpose is to alert anyone dealing with the property that the title may be affected by the pending action, helping protect the plaintiff’s potential interest if the case resolves in their favor.

A Notice of Pendency is a recorded notice that real property is the subject of an action that could affect its title. It serves as record notice to prospective buyers and others that litigation could change who holds title or rights in the property. It does not create a lien on the property, it does not automatically terminate when the complaint is filed, and it does not transfer title to the plaintiff. The purpose is to alert anyone dealing with the property that the title may be affected by the pending action, helping protect the plaintiff’s potential interest if the case resolves in their favor.