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Updated 8 months ago,

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Chris Kitchens
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Broker listed as defendant on Lis Pendens?

Chris Kitchens
Posted

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? 

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