Florida is a judicial state, which means that when action is taken to foreclose on a home, a notice of lis pendens must be filed in the county where the property is located. Lis pendens is a term that means litigation pending. Lenders traditionally file a lawsuit to foreclose on a home along with a notice of lis pendens. When this information is filed, it becomes available to the public.
If you're new to the real estate business, a notice of lis pendens may seem like a confusing document. A lis pendens notice lets the public know that a lawsuit has been filed regarding the property title. Many people review these notices for potential foreclosure investments.
Timing is everything when it comes to lis pendens and foreclosure notices. If you have to sort through official files at the county courthouse or rely on legal foreclosure notices in the local newspaper, you lose precious time. When you subscribe to the listing service from ForeclosuresDaily.com, you gain access to lis pendens notices the moment they're filed at the county courthouse.
Rather than waiting for information to be sorted, organized, and published for all to see, you can gain a jump on the competition by reviewing the information made available to our subscribers. We save you time by posting county records directly to our database. We also save you precious time by organizing the information in an easy-to-read format. The sooner you identify hot properties, the sooner you can contact the homeowner and negotiate the sale or transfer of the property.