Owning a condominium is different than owning a single family home and it has its distinct advantages and shall we say, peculiarities. The lifestyle a condominium offers is not for everyone. So look before you condo and consider the following pros and cons before making a decision.
Adam Ciboch
Like many important legal terms, "lis pendens" is in Latin. It's also likely that it makes no inherent sense to a non-lawyer. The term is an important one to know in the world of real estate today, however, and deserves a thorough explanation, as set forth below.
On a Need-To-Know Basis: A Definition of Lis Pendens for ...
Like many terms you encounter in the field of real estate, "joint and several liability" is related to the law. While you may think the term is relatively self-explanatory, its relation to real estate and how it affects you as a home owner is not quite as intuitive.