If you are interested in foreclosures for this area, I can set you up with a current search and assist you when you are ready to look. It would be beneficial if you work with a Realtor who is familiar with the area, such as myself.
Please contact me at your earliest and I will assist you in your search.
Michelle Niemczyk, Realtor
Here's a sampling of this week's bank owned deals: http://www.tampa4u.com/bank-owned-homes.html
It may be that there's a divorce involved and the lawyers on both sides filed a lis pendens so the other side's spouse can't sell the property. Maybe the property owner is being sued to collect a debt. It's safe to assume there's litigation of some kind, I'd say. Maybe there's a judicial foreclosure (as opposed to a trust deed foreclosure) going on. Hard to say.
I could go on, but are there any FL people who can shed light on this? I just don't see how a lis pendens relates to a foreclosure. Feliciano thinks he's looking at a great deal, and may be, but I'm not seeing it. It may be because of my ignorance of FL state law.
Feliciano, do you know a lawyer or a real estate agent with a little gray hair who can help? I will say this--people avoid properties with a lot of problems attached, and if you can figure a way through this one, and work hard, you might make a good deal without a lot of competition. Just know there are no easy ways.