Posted by eric on July 01, 2005 at 12:49:34:
I assume that you are the seller since you state that the Buyer" is backing out. Why on earth would you want to record a lis pendens against your own property? this makes no sense.
lis pendens - Posted by Joanna
Posted by Joanna on June 30, 2005 at 21:03:43:
I have a buyer trying to back out of an agreement to sell. If I start a lis pendens, what is the process to clear th elis pendens if she goes ahead with the sale?
Re: lis pendens - Posted by Natalie-VA
Posted by Natalie-VA on July 08, 2005 at 08:50:17:
Joanna,
Just to expand a little bit on what John and Eric said, a lis pendens is usually filed with a specific performance lawsuit to force a SELLER to sell. It will cloud their title and prevent them from selling to someone else.
Since you have a buyer defaulting, it would not be a useful tool for you. Maybe if you give us a little more info on why the buyer is backing out, we can make some suggestions on how to save the deal or get you some compensation.
–Natalie
Re: lis pendens - Posted by John Merchant
Posted by John Merchant on July 01, 2005 at 13:25:50:
As Eric say, why, as the owner of the RE, would you want to record a lien against it?
You have no need as YOU hold the deed.
And don’t waste your time hassling a defaulting buyer.
Go find yourself another good buyer.
VERY few defaulting buyers ever get nailed and made to buy by any court.