Buying or selling property in Treasure Island or St Pete Beach or Madeira – Lis Pendens

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Buying or selling property in Treasure Island, St Pete Beach, Madeira – Lis Pendens

As a buyer or seller of properties in Treasure Island, Madeira or St. Pete Beach you will be confronted with a lot of real estate specific words that you have never heard of.

Lis Pendens

In this real estate market the word Lis Pendens is used very often in Short Sales. When the home owner doesn’t make mortgage payments anymore the bank files a lis pendens. It is a legal notice recorded to show pending litigation relating to real property, and giving notice that anyone acquiring an interest in said property subsequent to the date of the notice may be bound by the outcome of the litigation. Remember, your Realtor is a walking real estate dictionary and can answer all your questions concerning buying or selling a house or condo.

Buying or selling property in Treasure Island or St Pete Beach or Madeira – Lis Pendens

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