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Buying a preforeclosure (lis pendens)

solsovlysolsovly Registered User regular
edited August 2009 in Help / Advice Forum
The condo I am looking at is in an amazing area of town and is listed for around 30k which is unbelievable to me. I may be getting a job in the area and this would be preferred over renting an apartment.

Does anyone have any experience in buying pre/foreclosed home with a lis pendens on it?

I know that I will have to contact a lawyer and a real estate agent before taking any real action.

solsovly on

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    rfaliasrfalias Registered User regular
    edited August 2009
    You can't really do anything until the suit is over anyways. Most title agencies nor lenders will do anything until then, at least thats how I understand it.

    What the suit is over, and it's outcome will dictate what you can do. Talk to the agent and/or lawyer and see whats all the hubbub

    rfalias on
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Penny Arcade Forums› Help / Advice Forum