If you are a homeowner going through foreclosure, Lis Pendens is a legal term that you may have already come across. Lis Pendens specifically indicates the foreclosure of a property and its involvement in a lawsuit. It is thus useful for anyone who is researching that piece of real estate. Depending on where the property is located, either a Lis Pendens or a notice of default will be issued to mark the start of a foreclosure. For more information, Call (844) 237-6015 and fill out the short form given below, schedule your FREE FORECLOSURE ANALYSIS NOW! Our dedicated team of foreclosure solution specialists will help you find the best solution! – A My Short Sale Approval Case Manager will be right with you!
What is a Lis Pendens?
A formal notice that marks the beginning of a foreclosure process is called a Lis Pendens. Literally translated, the term means “pending suit”. It refers to a pending lawsuit for the title of real property. A lis pendens thus notifies the defendant owning the real estate that the property has a claim on it. Furthermore, this recording also informs the public of that claim. That includes anyone who is interested in buying or financing the property in question. If your property has been served a Lis Pendens, Call (844) 237-6015 and fill out the short form given below, schedule your FREE FORECLOSURE ANALYSIS NOW! Our dedicated team of foreclosure solution specialists will help you find the best solution!
What A Lis Pendens Means For Homeowner?
A recorded Lis Pendens serves as a warning to the borrower, in the event he/she fails to pay the lender the required amount. It signifies that the property ownership may transfer to the lender or a third party. If the borrower pays the amount owed before the date of Lis Pendens filing (the Pre-Foreclosure period), the legal process of Lis Pendens will be stopped. The property will otherwise be sold at an auction.
How Lis Pendens Can Attract Investors
An investor interested in a property going through a foreclosure has two options. They can wait to find good bargains when the auction takes place. Alternatively, they can also make a much better investment through a short sale while the property is in the pre-foreclosure period. Call 1 844 899 1377 today and our agent will guide you through the short sale process. At My Short Sale Approval, we understand what it means for you to sell the house that you invested so much in. That is why our consultants always fight to get you the best deal and keep you away from the dreaded foreclosure process. Let us help you save even as you sell, call 1 844 899 1377 today!
Where We Come In
Our goal has always been simple: Stop your Foreclosure in the most hassle-free way as possible for you. For all your foreclosure-related issues, Call (844) 237-6015 and enter your information into the form below to talk to one of our Case Managers today!