Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Foreclosure in 91362 : Real Estate Advice

  • All40
  • Local Info2
  • Home Buying22
  • Home Selling2
  • Market Conditions1

Activity 3
Mon May 13, 2013
Blanca Dover answered:
I agree with Chris, it would be best to find an attorney in Riverside County.
0 votes 4 answers Share Flag
Mon Oct 22, 2012
Barry Shapiro answered:
The property sold on 12/22/10 for $494,000.
0 votes 10 answers Share Flag
Mon Oct 22, 2012
Barry Shapiro answered:
The term “lis pendens” is Latin for “suit pending.” A lis pendens is filed against a real property to indicate that the title of property is in question, or that some sort of lawsuit involving the property could occur in the near future. When someone files such a notice, it serves as a public notification that the property is involved in a lawsuit. For property buyers, a lis pendens is generally viewed as a turnoff, as this legal notice could devalue the property, complicate the transfer of title, or make it impossible to obtain a mortgage on the property.

One of the most common reasons to file a lis pendens is when a property goes into foreclosure. If a lender feels that a foreclosure will be necessary, the notice forestalls any attempts to sell the property to evade foreclosure, since the legal notice will turn up on a title search. A lis pendens may also be filed if someone feels that he or she has a legal claim to a property title, or in any other circumstances where people want to question the validity of a property title.

So, since title transfers directly to the note holder/mortgage company at the trustee sale, a Lis Pendens will not stop the transfer from mortgagee to mortgagor. It could temporarily delay an immediate future sale, in the event the property sells to a private party at the trustee sale. Seek legal advice from an attorney.
... more
0 votes 3 answers Share Flag
Search Advice