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.
Our Lis Pendens Leads in Arizona, California, Florida, Georgia, PA, Texas, Virginia and the United States consist of homeowners 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 in Arizona, California, Florida, Georgia, PA, Texas, Virginia and United States major areas.
In essence, depending on where the property is located, is the beginning of the foreclosure process. The amount of time between these two dates varies greatly from state-to-state.
Regardless, Our Lis Pendens list 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 of Lis pendens in Arizona, California, Florida, Georgia, PA, Texas, Virginia and United States major areas, is updated daily, to find you a great real estate bargain.
Source lis pendens leads from trusted lead provider – Foreclosuredaily.com
What are Lis Pendens leads?
Foreclosures are associated with borrowers who fail to repay the loan amount to the lender. In the context of real estate, foreclosures happen when the owner of a property default on mortgage payments as a result of which the lender files a Lis Pendens. In such circumstances, where the owner has no other means to repay the due amount, three things are possible –
The owner will sell off the said property to a third party – in this case, can be a real estate broker, agent, investor or buyer – also called pre-foreclosure.
The lender sells off the property at an auction.
The lender gets ownership of the property by a buyback or a short sale with the purpose of selling it back.
Lis Pendens list in Arizona, California, Florida, Georgia, PA, Texas, Virginia and nationwide comprises detailed information of the property owner, lender, address, brief description of the property, sale amount, sale date and other relevant details. This information is generally obtained from public records, the website of the county clerk and other such reliable sources.
What is the importance of lis pendens foreclosure details to the realty industry?
Lis pendens leads are valuable data for a buyer or investor in the real estate sector. This is because depending on the information, the buyer or investor can contact and counsel an owner who has been served a Lis Pendens in the pre-foreclosure period. This is beneficial in two ways –
It gives a fair chance for the distressed homeowner to sell off his property and arrange for funds without facing foreclosure.
Lis pendens real estate gives an excellent opportunity to the buyer or the investor to strike gold – this is so because in the absence of competition, he is able to get a satisfying deal. Not only that, depending upon the financial distress of the owner, the deal may be finalized quite fast without any delays.
What is the role of Foreclosure.com?
Foreclosure.com has been working as a lead provider to the realty industry in Arizona, California, Florida, Georgia, PA, Texas, Virginia and nationwide for more than a decade now. Our leads are authenticated, verified thoroughly and updated regularly before being handed over to our esteemed clients.