LIS PENDENS

[John Ryan]

I am trying to understand what this means. I know it is the start of Foreclosure. but, How can I tell what is owed on a property or how much I can buy it for before it goes to into Full foreclosure. I
am looking at Documents from my local clerks office and it tells me the sum of the original load but, not how much is owed to get things current.. Where or how do I find that

[Bill Gulley]

Unless the notice filed is showing it from the lender, it could be any legal action pending, like a divorce.

You will never finf a loan balance at the courthouse, gotta get that from the owner or better yet the lender. What you can do is guess by running the numbers found in the deed of trust at a current rate when the deed was given and consider a 15 or 30 amortization, just to guess. Might be useful if you are making an offer just to get close to clearing them out of a property.

But, if it's a foreclosure, the amounts will be known in the demand, now if the Trustee was sloppy and included that in the Les Pendens filed, well, there it is, but usually not. You can get that from the Trustee named in the deed of trust. Good luck, :)