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Updated about 6 years ago,

User Stats

11
Posts
1
Votes
Brian Taylor
1
Votes |
11
Posts

Lis Pendens vs Preforeclosure

Brian Taylor
Posted

My understanding is that if the bank starts foreclosure on a property that all liens and judgements come secondary to the priority debt which would be the bank, does timing matter when it comes to a lis penden? the bank started preforclosure in September of 2017, the lis penden was started in March of 2018, the foreclosure was approved by the court 3 days later, my understanding is that since the preforclosure was already in motion in the courts that the lis pendens would not be able to follow the property or is this a whole other beast that doesn't follow the same rules as a lien?