BEST ANSWER
FIRST ANSWER
Henning,
This property hasn't been foreclosed yet. The Lis Pendens is just the first step the bank takes in the foreclosure process. It will take another 6-9 months before the process is completed & bank takes possession. However, the owner may be able to sell the home on a short sale in the meantime.
Hopefully this answers your questions. If I can be of further assistance, don't hesitate to ask.
You may or may not have a Listingbook account, but its something you may find useful. Creating an account will allow you access to current foreclosures, automatic updates on price reductions, open houses etc. Its free & certainly no obligation or pressure. Feel free to check it out @ http://www.daniellesharp.listingbook.com.
Best wishes,
Danielle
Wed Jan 14 2009, 11:28