Signing up for a foreclosure listing service can be confusing if you don't understand some of the basic terms associated with the foreclosure process. One of the first stages of the foreclosure process is called lis pendens. Lis pendens is a Latin term, which means "litigation pending."
If a homeowner falls behind on his mortgage payments, the bank eventually begins the foreclosure process. Florida is a judicial state, which means foreclosures must go through the courthouse. When you sign up with ForeclosuresDaily.com, you receive daily lis pendens case updates directly from the courthouse. The sooner you learn about lis pendens cases in your area, the sooner you can begin negotiating the sale of a foreclosure property.
At ForeclosuresDaily.com, our field staff provides information for new lis pendens cases the moment they're filed. Rather than running back and forth from the courthouse to your home or office, you can view all the information in case files from your computer. Our lis pendens cases are presented in a format that is ideal for easy access and information extraction.
All of our lis pendens cases include such valuable information as case number, filing date, loan balance, original loan amount, monthly payments, and total assessment value. In addition, we include the property address, legal description, square footage, lot size, and the year built. This data helps to determine investment worthiness and real estate values in the surrounding areas. If you're interested in one of the properties listed, we also provide contact information for the plaintiff, defendant and attorneys in the case.
