What I mean is, would you be able to bring them up to date with the bank so that you could buy the house or is it too late?
2006-11-22 16:07:51 · 3 answers · asked by WillyINCALI 2 in Politics & Government ➔ Law & Ethics
Anything can happen in a case even when lis pendens is served. You can suggest to the other party what you want and if accepted, it is valid.
2006-11-22 16:12:03 · answer #1 · answered by FRAGINAL, JTM 7 · 1⤊ 0⤋
WALK AWAY.
A lis pendens means someone has filed a lawsuit contesting ownership of the home. As a result, you don't want to buy the home from that person, because its possible they don't even own it. If they sell you the home, and it turns out they did not own it in the first place, you stand a good chance of getting screwed. You would have to sue the person who took your money to get it back, which takes a long time, and will cost you a lot of money, and they may have spent or tried to hide the money.
I don't think any title company would ever insure over a lis pendens, and no mortgage lender in its right mind would never give you the funds to purchase a home that had a lis pendens filed on its title.
Find another home to purchase. You don't want any part of this disaster waiting to happen.
2006-11-22 21:33:56 · answer #2 · answered by Spellympics 2 · 0⤊ 0⤋
Only the mortgage lender knows; you'll have to ask them or their attorneys.
2006-11-22 16:13:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋