Hi Nick,
Can you explain to me if all Lis Pendin listings are short sales?
Edith
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No problem Edith. I just saw your post on the general forum and thought I'd help. Feel free to PM me if you have other questions I can help you with.
Nick and I are friends.
Thanks Vincent.
Do you work with Nick?
Hi Edith,
Not all properties with lis pendens filed on them are qualified for short sales.
An active lis pendens just means that the homeowner was least 90 days late on their mortgage payments. If the homeowner has equity in the property and IS NOT under financial hardship, then the house would NOT be eligible for a short sale.
Hope that helps!