Lis- Pendens Leads is homeowner at risk of foreclosure (bank repossession) due to loan default. A homeowner who immediately needs expert help to properly sell their home to avoid foreclosure and protect their credit. Filed by a lender, a lis pendens is the formal notice that starts the foreclosure process and becomes Lis-Pendens Leads . Even though this is considered a pending lawsuit, the homeowner still has possession and the right to sell or refinance the property. This represents a tremendous opportunity for home buyers and investors to make money in the real estate market. In states that require judicial foreclosure actions, lenders traditionally file a lis pendens to foreclose on a mortgage or deed-of-trust loan that is in default. On the other hand, a notice of default is used in states that follow non-judicial foreclosure laws. Lis-Pendens Leads In essence, depending on where the property is located, either a lis pendens or notice of default is issued to begin the foreclosure process. A property is considered to be in pre foreclosure from the day a lis pendens is filed until the day the property is sold at auction. The amount of time between these two dates varies greatly from state-to-state. Some states sell properties within 90 days from the first notice of default, for example, and others can take as long as 12 months. Regardless, this window creates a valuable opportunity for an investor to purchase the property from the homeowner before the sale date, which can sometimes result in instant savings and equity in your home. At ForeclosuresDaily we are the most up-to-date searchable database of foreclosed homes. Our data, is updated daily to find you a great real estate bargain.