5,104,931
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.
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Dan & Laurie Pittsenba...
Bellingham, WA
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Ron and Alexandra Seigel
Carpinteria, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Anthony Acosta - ALLAT...
Atlanta, GA
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Richard Weeks
Dallas, TX
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Bob "RealMan" Timm
Minot, ND
469,510
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.
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Peter Testa
Danbury, CT
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
5,772,575
Annette,
Lis-pendens are not necessarily a pre-foreclosure notice. A
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
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Bob "RealMan" Timm
Minot, ND
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Dan & Laurie Pittsenba...
Bellingham, WA
2,061,744
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.
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Lyn Sims
Schaumburg, IL
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Peter Testa
Danbury, CT
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Dan & Laurie Pittsenba...
Bellingham, WA
2,220,323
Not many foreclosures in my area.
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Debe Maxwell, CRS
Charlotte, NC
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Peter Testa
Danbury, CT
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Dan & Laurie Pittsenba...
Bellingham, WA
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Anthony Acosta - ALLAT...
Atlanta, GA
4,882,355
Yes a lender will file a lis pendens as the formal notice that starts the foreclosure process.
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Debe Maxwell, CRS
Charlotte, NC
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Peter Testa
Danbury, CT
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
2,781,153
an opportunity
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Dan & Laurie Pittsenba...
Bellingham, WA
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Kathleen Daniels, Prob...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
5,216,381
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
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
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Bob "RealMan" Timm
Minot, ND
7,835,407
For me, foreclosure sales are trustee sale auctions.
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
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Bob "RealMan" Timm
Minot, ND
6,393,154
Part of the process.
I wouldnt waste my time with them though, far too soon in the process to make it worth going after.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
1,311,397
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.
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
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Bob "RealMan" Timm
Minot, ND
2,436,099
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.
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Bob "RealMan" Timm
Minot, ND
1,502,998
The automated systems do, IIRC. I don't.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Dan & Laurie Pittsenba...
Bellingham, WA
3,345,091
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.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Dan & Laurie Pittsenba...
Bellingham, WA
1,153,794
I do not however they do tend to pique my interest for a watch list.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
1,712,676
It the offical beginning of foreclosure but can be stopped in ju8dicial states.
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
2,390,549
Like Nina Hollander said, it's not in my wheel house.
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
1,844,271
Yes that is what we call it in IL. 1st notice that you better pay up.
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Debe Maxwell, CRS
Charlotte, NC
758,035
The initiation of a Lis Pendens in a Foreclosure Case is the beginning of the foreclosure process & is very much preforeclosure.
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Debe Maxwell, CRS
Charlotte, NC
900,128
Lis pendens is usually related to foreclosure, but not necessarily.
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Debe Maxwell, CRS
Charlotte, NC
4,936,033
I just get mine from title company or county
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Debe Maxwell, CRS
Charlotte, NC
4,800,082
5,868,472
3,986,258
3,416,038
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.
4,434,127
4,160,356
Annette Lawrence , Palm Harbor, FL 727-420-4041 Lis-Pendens considered a court action or lawsuit in my area.
5,229,945
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.