Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 12 years ago on . Most recent reply
What does Lis Pendens mean?
I have no intentions on buying as I'm still learning, however I saw a house on MLS with this on it
The house is bank owned and selling for $144,900
Most Popular Reply
Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
- 13,508
- Votes |
- 23,418
- Posts
Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
A LP means there is pending legal action involving a particular property. In a foreclosure, it's the first action, and is recorded in the public records. The example you cited makes no sense. I'm not sure what the listing agent is trying to communicate )previous mtg was $313K so this must be a hell of a deal?)