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Buying a house with lis pendens

Posted by Nikki on January 21, 2010 at 10:06 AM

There is a great house I would like to buy, but in the ATG Commitment Form from the title company, there is a special exception for a lis pendens filed by a building company. I've looked up the case and it's for building a new house on a different property but the lis pendens lists the property I'm interested in because it was owned by the same person.

The lis pendens was filed 9/8/08. On 5/12/09 the bank bought "my" property in the foreclosure.

My question is - since I'm buying it from the bank, and not from the original owner who is involved in the lawsuit - would I have any liability or lien if I complete the purchase?

Thanks for any information!


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