What does this term mean? Is the property in the process of being foreclosed or has it been foreclosed? How much times would one be allowed to stay in the home once the lis pendens has been filed? Hope I'm making sense.
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Yes, the Foreclosure process is starting. Here is a link to one of several articles floating out there. This one you can click on your state and get more specific information.
Good luck~"To go bravely forward is to invite a miracle."
"Worry is the darkroom where negatives are formed." -
Am I reading the website correctly? Lis pendens is the beginning of the foreclosure process and that it can take anywhere between 90 days to 12 months until the foreclosure is in effect? Does this mean that is takes additional time for the house to actually go to auction once the foreclosure has gone "through" lis pendens and the foreclosure is final?Comment
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That's about it. Lis Pendens is a notification to anyone (like Title Company) who has an eye on the property that it is in a 'distressed' state. It is nothing to worry about. 'HubOriginally posted by howdidithappen View PostIf I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.Comment
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