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Lis Pendens & Judgment Liens: Definition & Purpose

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A notice to the public of a lawsuit relating to a piece of real estate is called a _____.

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1. Where must a lis pendens be recorded so that the property owner is bound by the lawsuit's result?

2. If a judgment debtor pays the judgment completely, what is the judgment creditor required to do?

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About This Quiz & Worksheet

Though they are noted for their specificity, legal terms can be confusing. The quiz/worksheet promo can serve to clear up any confusion that might arise regarding the legal resolution of a land or real estate controversy.

Quiz & Worksheet Goals

Use these assessments to measure your knowledge of the following:

  • How a judgment creditor collects
  • Public notification of a pending lawsuit
  • Nullification of a lis pendens
  • Actions taken upon completion of payment
  • Binding a debtor to a lawsuit's outcome

Skills Practiced

The worksheet and quiz provide the chance for you to practice the following skills:

  • Reading comprehension - ascertain that you grasp the most important information from the related lesson on lis pendens and judgment liens
  • Distinguishing differences - compare and contrast terms from the lesson, such as judgment debtor and judgment creditor
  • Interpreting information - verify that you can read information regarding the relationship of lis pendens to judgment and interpret it correctly

Additional Learning

To learn more about the resolution of real estate disputes, read through the accompanying lesson entitled Lis Pendens & Judgment Liens: Definition and Purpose. The lesson deals with the following objectives:

  • Examine how the filing of a lis pendens can adversely affect the nature of a particular piece of property
  • Discuss what may result from the filing of an unwarranted lis pendens
  • Define judgment lien
  • Comment on what might ensue if a piece of property that has a judgment lien against it is sold for an amount in excess of the lien
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