What is the term for the notice filed indicating that litigation is pending involving a property?

The term for the notice filed indicating that litigation is pending involving a property is "Lis pendens." This Latin term translates to "pending litigation," and it serves as a public notice that a legal action has been initiated that affects the title or ownership of a specific property. By filing a lis pendens, a party involved in the litigation can warn potential buyers or lenders that the property is subject to ongoing legal proceedings, which can impact their interest in the property.

Lis pendens is important in real estate transactions because it provides transparency about any disputes concerning the property, ensuring that anyone looking to purchase or finance the property is aware of the potential legal entanglements. Without such notification, a buyer may unintentionally acquire a property that is embroiled in legal issues without knowledge of those risks.

Other options like liens notice, foreclosure notice, and property dispute notice represent different legal concepts or actions that are not specifically about pending litigation. A liens notice refers to a claim against a property for debt, a foreclosure notice is related to the process of reclaiming property due to a default on secured debt, and a property dispute notice is a vague term that doesn’t point to a recognized legal filing like a lis pendens.