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Certificate of Release of Memorandum of Lis Pendens Form

Certificate of Release of Memorandum of Lis Pendens Form

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Instructions and help about Certificate Of Release Of Memorandum Of Lis Pendens

Hi everyone, my name is Jae I'm one of the lawyers at Shim Law nice to meet you. Today I want to talk about how do you discharge a Certificate of Lis Pendens. If you watch my previous youtube videos I talk about the CLP in the context of a civil lawsuit, CLP in the context of a family lawsuit, divorce action/property action. Now I want to talk about the discharge of CLP. Let's hypothetically suppose that the one side wants to sell the property because it's impossible to make the monthly payments and so on and you realize that the CLP is registered. One way to discharge is that you have to contact the opposing party or opposing counsel and you come to terms of the agreement. For example, once you sell the property the sale proceeds shall be put in the lawyer's trust account or in court just to preserve the sale proceed until a further agreement between the parties or order of the court and if you can proceed by way of a consent and that's one way

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