InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] SoCal Trustee Sale Purchase / Lis Pendens Dilemma Posted by CINCA on June 25, 2009 at 3:50 PM I purchased a home at trustee sale on June 23rd and found out today that there was a lis pendens filed a few days before the sale (it didn't show up when I did my title search). Apparently the homeowner is suing his lender. Any suggestion on what to do? I had a 3-Day Notice served and that's when I got a call from their lawyer telling me about the suit. Do I just need to wait this one out or can I be proactive? Their lawyer told me it would be at least 6 months before this was cleared up... I haven't received the deed yet. Thanks! Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I purchased a home at trustee sale on June 23rd and found out today that there was a lis pendens filed a few days before the sale (it didn't show up when I did my title search). : Apparently the homeowner is suing his lender. : Any suggestion on what to do? I had a 3-Day Notice served and that's when I got a call from their lawyer telling me about the suit. : Do I just need to wait this one out or can I be proactive? Their lawyer told me it would be at least 6 months before this was cleared up... I haven't received the deed yet. : Thanks! [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455