Bouquet Canyon, CA Real Estate News

By Eddy Martinez
(Nationwide Funding Group)
Lis PendensA lis pendens (also called a pendency of action) is a recorded notice that indicates pending litigation affecting the title on a property. It clouds the title, preventing the sale or transfer of the property until the lis pendens is removed, the action is dismissed, or final judgement is rendered. A pendency of action gives the least protection against a mechanic`s lien.  Attachments An attachment lien or writ of attachment is the process by which the court holds the real or personal property of a defendant as security for a possible judgement pending the outcome of a lawsuit. An attachment lien is an involuntary, specific lien which is valid for three years. It does NOT terminate upon death and in certain cases may be extended.
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By Eddy Martinez
(Nationwide Funding Group)
----------Mechanic`s Lien Time Line------------Here are the major events to be followed, in a timley manner whenever improvement of real property is done.(1) Work Commences(2) Preliminary 20 - Day Notice (3) Work Completed(4) Notice Of Completion Recorded(5) Lien Recorded (6) Foreclosure Action and Lis Pendens Recorded (7) Service of Process(8) Court Decision        a) Judgement        b) Release of Lien        c) Dismissed         d) Foreclosure On the final step it will be a court decision made by the judge who will determine what the lient falls under. Mechanic`s Lien are a lot of work to put on someones property so if you ever plan to do make sure you do for a reasonable dollar amount at least $999.99 or more.
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