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Rainmaker
3,013,637
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't pay attention to them... foreclosure sales are not in my wheel house. I only pay attention if I'm speaking with a prospective seller who is behind on payments.

Feb 11, 2019 06:14 AM
Rainmaker
1,003,703
Corinne Guest
Corinne Guest, REALTOR® | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

We can get Lis Pendens lists off our MLS. Market to them if you wish, not for me. You've got about 9 months from that filing date for it to get to court and be mallet stamped. Until then it's pre-foreclusure.

Feb 11, 2019 07:36 AM
Rainmaker
398,481
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

It's possibe that I have a misunderstanding but I believe that Lis-Pendens would be indication of a possible up coming foreclosure or at least that the borrower is behind and the process has begun. And about the closest thing available in our area to what the orginal Q&A addressed.

Feb 11, 2019 07:07 AM
Rainmaker
4,354,775
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Annette,

Lis-pendens are not necessarily a pre-foreclosure notice.  A

Feb 11, 2019 09:19 AM
Ambassador
1,629,953
Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

Do I consider a Lis-Pendens a pre-foreclosure?? 

Well, since Lis-Pendens literally means "lawsuit pending", by the lender... I'd say it's about as close to pre-foreclosure as you can get.

Feb 11, 2019 09:12 AM
Rainmaker
1,042,303
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not many foreclosures in my area.

Feb 11, 2019 06:54 AM
Rainmaker
2,933,225
Richard Weeks
Dallas, TX
REALTOR®, Broker

Yes a lender will file a lis pendens as the formal notice that starts the foreclosure process.

Feb 11, 2019 06:45 AM
Rainmaker
2,434,768
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

an opportunity 

Feb 11, 2019 06:13 AM
Rainmaker
3,200,399
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Litigation pending is intended to provide notice that claim to title is not calm. The only other source pre “lis pendens” would be insider information from an employee of the lender

Feb 11, 2019 10:55 AM
Rainmaker
5,307,555
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

For me, foreclosure sales are trustee sale auctions.

Feb 11, 2019 10:49 AM
Ambassador
4,107,594
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Part of the process.

I wouldnt waste my time with them though, far too soon in the process to make it worth going after.

Feb 11, 2019 10:34 AM
Rainmaker
660,581
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Filing of a lis pendens is notification of a pending legal action. The action is more likely not about foreclosure in California. In California, a Notice of Default is filed as indication of the preforeclosure status of a property.

Feb 11, 2019 10:19 AM
Rainmaker
1,415,459
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Because Z shows homes that are pre-foreclosure, I do get questions about them from buyers. They are usually homes with lis-pendens filed. So yes, I consider lis-pendens pre-foreclosure.

Feb 11, 2019 09:56 AM
Rainmaker
1,219,772
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The automated systems do, IIRC.  I don't.

Feb 11, 2019 09:06 AM
Rainmaker
2,772,675
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Not in my wheelhouse ... I focus on my niche and serving my clients. If I choose to chase a rainbow ... and do so long enough, I might catch one. 

Feb 11, 2019 08:07 AM
Rainmaker
990,251
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I do not however they do tend to pique my interest for a watch list.

Feb 11, 2019 10:04 AM
Ambassador
1,622,492
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It the offical beginning of foreclosure but can be stopped in ju8dicial states.

Feb 11, 2019 07:33 AM
Rainmaker
1,578,469
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Like Nina Hollander said, it's not in my wheel house.

Feb 11, 2019 06:28 AM
Rainmaker
1,516,896
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes that is what we call it in IL. 1st notice that you better pay up.

Feb 11, 2019 04:57 PM
Rainmaker
529,762
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

The initiation of a Lis Pendens in a Foreclosure Case is the beginning of the foreclosure process & is very much preforeclosure. 

Feb 11, 2019 04:53 PM
Rainmaker
729,050
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Lis pendens is usually related to foreclosure, but not necessarily.

Feb 11, 2019 01:19 PM
Rainmaker
3,100,379
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I just get mine from title company or county

 

Feb 11, 2019 11:36 AM
Rainmaker
4,796,627
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, it is pre-foreclosure.

Feb 11, 2019 09:49 AM
Rainmaker
4,041,155
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Not the sector of real estate I work.

Feb 15, 2019 05:55 AM
Rainmaker
3,978,839
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I don't

Feb 12, 2019 08:35 PM
Rainmaker
2,958,155
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Depends on your state law if foreclosures need to be approved by the court. Her ein NH they dont. I list and sell bank owned homes so yes, i pay attention to them.  I also buy, fix and sell them so it is a must to know what is what. 

Feb 12, 2019 05:07 AM
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for sharing 

Feb 12, 2019 03:02 AM
Rainmaker
2,727,770
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Annette Lawrence , Palm Harbor, FL 727-420-4041 Lis-Pendens considered a court action or lawsuit in my area.

Feb 11, 2019 07:41 PM
Ambassador
3,229,812
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

No, in our area, a lis pendens has to do with litigation pending on some issue regarding the property - typically encroachment or a law suit pending to prevent the seller from selling until the litigation is resolved.

Pre-foreclosure filings are totally different - those are listed as trustee properties.

Feb 11, 2019 05:06 PM