CPLR § 6501 Notice of pendency; constructive notice
Del Pozo v Impressive Homes, Inc., 2011 NY Slip Op 06091 (2nd Dept., 2011)
While a purchaser or encumbrancer whose interest in property is acquired after the filing of a notice of pendency is bound by all proceedings taken in the action (see CPLR 6501), a notice of pendency does not serve to create rights (see 2386 Creston Ave. Realty, LLC v M-P-M Mgt. Corp., 58 AD3d 158, 161) which would give rise to a viable claim to recover damages against a subsequent mortgagee.
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