Foreclosures
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 8 months ago,
Broker listed as defendant on Lis Pendens?
There's an absentee-owner house I've been watching in my neighborhood that recently went into pre-foreclosure. I'm considering reaching out to the owner to make an offer on the house, but I've noticed something weird during my due diligence. On the Lis Pendens for this house, there is a local real estate broker listed as a defendant alongside the homeowner. After searching his name, it turns out he was the developer of the neighborhood.
I was able to locate the release of mortgage from when he sold the lot to the builder, so it seems to me that this is a mistake. Is there any reason that it might not be?