Legal Question in Real Estate Law in Florida
lis pendence and short sale/fore closure
i have a lis pendence on a property,
it is now a short sale, they want to
pay me 3700 when the lis pendence
is for 35000. if i dont the proprty will
go to foreclosure, will i still get closer
to my amount if idont agree and not
settle with the title company?
Asked on 1/26/09, 11:33 am
1 Answer from Attorneys
Brent Rose
The Orsini & Rose Law Firm
Re: lis pendence and short sale/fore closure
I wouldn't have any way of knowing. It would depend on what the house brings at foreclosure or some other sale, how much equity is in the house, how many other liens are on the house, what position those liens are in compared to yours if you have one, whether the house ends up in a bankruptcy estate, etc.
Answered on 1/26/09, 11:42 am
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