What is the purpose of a Notice of Lis Pendens?

The purpose of a Notice of Lis Pendens is to alert potential buyers to litigation affecting the property. This notice serves as a public declaration that there is a legal action pending which may impact the property or the interests in it. By recording a Notice of Lis Pendens, it informs any interested parties, such as potential buyers or lenders, that any transactions concerning the property may be subject to the outcome of the ongoing litigation. This helps ensure that parties who are considering purchasing or financing the property are aware of any disputes that could affect their interest or ownership rights in the future.

In essence, it functions as a warning that any change in the ownership status may be complicated or invalidated by the existing legal proceedings.