Is there anyway to buy this property with lis penden?

Is there anyway to buy this property with lis penden?

Flipper/Rehabber · Los Angeles, CA · Member since 2019 · 1 post · 0 votes

After talking to a client after multiple follow ups she finally began opening up to me and said she wouldn’t mind selling it to me, only issue is there is a lis penden that was filled from 2018 and the original lady she said she was going to sell it to(also the tenant)couldn’t afford the property anymore, after her husband of the time passing and still can’t. The owner doesn’t want to go through with the sale with the tenant anymore and is giving a really good deal to “just take it off her hands”. I’m in Los Angeles,California and I’d like to know is it possible to help this lady out as well as obtain possession of this property any articles,YouTube, or advice in the right direction would be greatly appreciate at this point been researching endlessly. Thanks in advance for your time and sorry for such long description.

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  • Title Representative · Irvine, CA · Member since 2017 · 874 posts · 519 votes
    5y

    @Clinton Robinson I could try to help you, sinced I used to be a title officer.  First, you'll want to get a copy of the lis pendens and complaint.  Feel free to reach out to me direct.  I'm in Orange County/Irvine, so not too far from you in LA.

  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    5y

    For an LP to be filed, and be legitimate, there has to be an underlying law suit filed. If the law suit has Not been dismissed, you’ll likely have to file a motion to have it dismissed.  If the underlying law suit Has been dismissed, then it’s a moot point.  You won’t know until you research it, or better yet just get a title search done, and a commitment.  The LP itself never shows as being “dismissed/canceled” after the underlying suit is resolved.

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