What is the outcome of initiating a Lis Pendens on a property?

Initiating a Lis Pendens serves as a legal notice indicating that there is a pending lawsuit related to a specific property. This notice effectively informs other parties that there is a dispute that could impact the property's ownership or claims against it. As such, the consequence of filing a Lis Pendens is that the court acquires jurisdiction over the property in question for the purposes of the litigation.

This jurisdiction allows the court to impose certain decisions related to the property, including potentially affecting how ownership or interests in the property are handled during and after the resolution of the lawsuit. It protects the rights of the party who filed the Lis Pendens by ensuring that the property cannot be sold or transferred without knowledge of the legal claim attached to it.

In contrast, automatic sale of the property, forgiveness of a loan, or payment to a contractor do not directly result from initiating a Lis Pendens. These outcomes pertain to other legal processes that are separate from the Lis Pendens itself. The purpose of the Lis Pendens is specifically to notify and protect interests related to the ongoing legal proceedings concerning the property, which is why the correct outcome is that the court acquires jurisdiction over the property.