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Rainmaker
2,810,100
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't pay attention to them... foreclosure sales are not in my wheel house. I only pay attention if I'm speaking with a prospective seller who is behind on payments.

Feb 11, 2019 06:14 AM
Rainmaker
978,207
Corinne Guest
Barrington Realty Company - Barrington, IL
Barrington Lifestyles

We can get Lis Pendens lists off our MLS. Market to them if you wish, not for me. You've got about 9 months from that filing date for it to get to court and be mallet stamped. Until then it's pre-foreclusure.

Feb 11, 2019 07:36 AM
Rainmaker
363,219
Dan Pittsenbarger
Keller Williams - Bellingham, WA
Improving Conditions

It's possibe that I have a misunderstanding but I believe that Lis-Pendens would be indication of a possible up coming foreclosure or at least that the borrower is behind and the process has begun. And about the closest thing available in our area to what the orginal Q&A addressed.

Feb 11, 2019 07:07 AM
Rainmaker
4,138,749
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Annette,

Lis-pendens are not necessarily a pre-foreclosure notice.  A

Feb 11, 2019 09:19 AM
Ambassador
1,589,994
Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

Do I consider a Lis-Pendens a pre-foreclosure?? 

Well, since Lis-Pendens literally means "lawsuit pending", by the lender... I'd say it's about as close to pre-foreclosure as you can get.

Feb 11, 2019 09:12 AM
Rainmaker
869,022
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not many foreclosures in my area.

Feb 11, 2019 06:54 AM
Rainmaker
2,745,018
Richard Weeks
Dallas, TX
REALTOR®, Broker

Yes a lender will file a lis pendens as the formal notice that starts the foreclosure process.

Feb 11, 2019 06:45 AM
Rainmaker
2,379,330
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

an opportunity 

Feb 11, 2019 06:13 AM
Rainmaker
3,020,802
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Litigation pending is intended to provide notice that claim to title is not calm. The only other source pre “lis pendens” would be insider information from an employee of the lender

Feb 11, 2019 10:55 AM
Rainmaker
5,065,960
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

For me, foreclosure sales are trustee sale auctions.

Feb 11, 2019 10:49 AM
Ambassador
3,833,862
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Part of the process.

I wouldnt waste my time with them though, far too soon in the process to make it worth going after.

Feb 11, 2019 10:34 AM
Rainmaker
608,668
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Filing of a lis pendens is notification of a pending legal action. The action is more likely not about foreclosure in California. In California, a Notice of Default is filed as indication of the preforeclosure status of a property.

Feb 11, 2019 10:19 AM
Rainmaker
1,331,481
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Because Z shows homes that are pre-foreclosure, I do get questions about them from buyers. They are usually homes with lis-pendens filed. So yes, I consider lis-pendens pre-foreclosure.

Feb 11, 2019 09:56 AM
Rainmaker
1,177,437
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The automated systems do, IIRC.  I don't.

Feb 11, 2019 09:06 AM
Rainmaker
2,719,990
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Not in my wheelhouse ... I focus on my niche and serving my clients. If I choose to chase a rainbow ... and do so long enough, I might catch one. 

Feb 11, 2019 08:07 AM
Rainmaker
946,977
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I do not however they do tend to pique my interest for a watch list.

Feb 11, 2019 10:04 AM
Ambassador
1,558,476
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It the offical beginning of foreclosure but can be stopped in ju8dicial states.

Feb 11, 2019 07:33 AM
Rainmaker
1,466,426
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Like Nina Hollander said, it's not in my wheel house.

Feb 11, 2019 06:28 AM
Rainmaker
1,465,583
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes that is what we call it in IL. 1st notice that you better pay up.

Feb 11, 2019 04:57 PM
Rainmaker
484,113
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

The initiation of a Lis Pendens in a Foreclosure Case is the beginning of the foreclosure process & is very much preforeclosure. 

Feb 11, 2019 04:53 PM
Rainer
1,225
Harley Pope
Essex Mortgage - Brentwood, TN

I think this would be hard for you to get ethically before it become public knowledge

Feb 11, 2019 03:06 PM
Rainmaker
708,156
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Lis pendens is usually related to foreclosure, but not necessarily.

Feb 11, 2019 01:19 PM
Rainmaker
2,925,402
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I just get mine from title company or county

 

Feb 11, 2019 11:36 AM
Rainmaker
4,743,573
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, it is pre-foreclosure.

Feb 11, 2019 09:49 AM
Rainmaker
3,924,420
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Not the sector of real estate I work.

Feb 15, 2019 05:55 AM
Rainmaker
3,932,289
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I don't

Feb 12, 2019 08:35 PM
Rainer
1,040
cola mrager
Pro-papers - Benge, WA

The pre-foreclosure stage can yield some real bargains, but most experts agree it’s the most difficult stage during which to purchase a distressed home.

Be aware that a pre-foreclosure property is not necessarily for sale. The pre-foreclosure stage is the period between the time in which a Notice of Default (in nonjudicial foreclosure) or lis pendens (in judicial foreclosure) has been issued to the homeowner and after the property is sold at a foreclosure auction.

The owner may be working to cure the default, or they may be hoping for a pre-qualified cash buyer to help them avoid the impending foreclosure.

Feb 12, 2019 06:47 AM
Rainmaker
2,870,941
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Depends on your state law if foreclosures need to be approved by the court. Her ein NH they dont. I list and sell bank owned homes so yes, i pay attention to them.  I also buy, fix and sell them so it is a must to know what is what. 

Feb 12, 2019 05:07 AM
Rainmaker
4,403,685
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for sharing 

Feb 12, 2019 03:02 AM
Rainmaker
2,600,495
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Annette Lawrence , Palm Harbor, FL 727-420-4041 Lis-Pendens considered a court action or lawsuit in my area.

Feb 11, 2019 07:41 PM
Ambassador
3,000,504
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

No, in our area, a lis pendens has to do with litigation pending on some issue regarding the property - typically encroachment or a law suit pending to prevent the seller from selling until the litigation is resolved.

Pre-foreclosure filings are totally different - those are listed as trustee properties.

Feb 11, 2019 05:06 PM