We are selling our second home all cash,no contingencies. We own the home and the title is free and clear. We are closing in 3 days. Suddenly, my neighbor filed lis pendens and injunction stating he is entitled to the proceeds because we are in a lawsuit and a judgement could be entered in his favor on Nov 10. Our lawsuit does not involve our property at all and there is no judgement entered yet. I thought a lis pendens had to involve ownership issues in real property. Our suit has no relation to our property. The buyer is aware and the title company said we can get GAP insurance as we are about to close this week. The judge granted the injunction before our hearing on Monday and the injunction states I need to put the entire proceeds of the sale in a court appointed account which I believe is illegal and if it’s tied up, I still need to pay state and federal taxes on the sale so how is this possible? I’m considering ignoring the injunction because I have every right to sell my house, a pending judgement is jst that…pending
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source https://www.reddit.com/r/RealEstate/comments/1namzq3/lis_pendens_filed_and_temporary_injunction/
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