I don't pay attention to them... foreclosure sales are not in my wheel house. I only pay attention if I'm speaking with a prospective seller who is behind on payments.

We can get Lis Pendens lists off our MLS. Market to them if you wish, not for me. You've got about 9 months from that filing date for it to get to court and be mallet stamped. Until then it's pre-foreclusure.

It's possibe that I have a misunderstanding but I believe that Lis-Pendens would be indication of a possible up coming foreclosure or at least that the borrower is behind and the process has begun. And about the closest thing available in our area to what the orginal Q&A addressed.

Annette,

Lis-pendens are not necessarily a pre-foreclosure notice.  A

Do I consider a Lis-Pendens a pre-foreclosure?? 

Well, since Lis-Pendens literally means "lawsuit pending", by the lender... I'd say it's about as close to pre-foreclosure as you can get.

Not many foreclosures in my area.

Yes a lender will file a lis pendens as the formal notice that starts the foreclosure process.

an opportunity 

Litigation pending is intended to provide notice that claim to title is not calm. The only other source pre “lis pendens” would be insider information from an employee of the lender

For me, foreclosure sales are trustee sale auctions.

Part of the process.

I wouldnt waste my time with them though, far too soon in the process to make it worth going after.

Filing of a lis pendens is notification of a pending legal action. The action is more likely not about foreclosure in California. In California, a Notice of Default is filed as indication of the preforeclosure status of a property.

Because Z shows homes that are pre-foreclosure, I do get questions about them from buyers. They are usually homes with lis-pendens filed. So yes, I consider lis-pendens pre-foreclosure.

The automated systems do, IIRC.  I don't.

Not in my wheelhouse ... I focus on my niche and serving my clients. If I choose to chase a rainbow ... and do so long enough, I might catch one. 

I do not however they do tend to pique my interest for a watch list.

It the offical beginning of foreclosure but can be stopped in ju8dicial states.

Like Nina Hollander said, it's not in my wheel house.

Yes that is what we call it in IL. 1st notice that you better pay up.

The initiation of a Lis Pendens in a Foreclosure Case is the beginning of the foreclosure process & is very much preforeclosure. 

I think this would be hard for you to get ethically before it become public knowledge

Lis pendens is usually related to foreclosure, but not necessarily.

I just get mine from title company or county

Yes, it is pre-foreclosure.

Not the sector of real estate I work.

I don't

The pre-foreclosure stage can yield some real bargains, but most experts agree it’s the most difficult stage during which to purchase a distressed home.

Be aware that a pre-foreclosure property is not necessarily for sale. The pre-foreclosure stage is the period between the time in which a Notice of Default (in nonjudicial foreclosure) or lis pendens (in judicial foreclosure) has been issued to the homeowner and after the property is sold at a foreclosure auction.

The owner may be working to cure the default, or they may be hoping for a pre-qualified cash buyer to help them avoid the impending foreclosure.

Depends on your state law if foreclosures need to be approved by the court. Her ein NH they dont. I list and sell bank owned homes so yes, i pay attention to them.  I also buy, fix and sell them so it is a must to know what is what. 

Thank you for sharing 

Annette Lawrence , Palm Harbor, FL 727-420-4041 Lis-Pendens considered a court action or lawsuit in my area.

No, in our area, a lis pendens has to do with litigation pending on some issue regarding the property - typically encroachment or a law suit pending to prevent the seller from selling until the litigation is resolved.

Pre-foreclosure filings are totally different - those are listed as trustee properties.