On the same day the property was sold at the foreclosure sale, a Notice of Pendency of Action (Lis Pendens) was recorded. The property is now in the post-sale bidding process, and I am concerned about the highlighted language.
It appears that there may be a cloud on title or an active legal dispute that could affect ownership of the property. Am I interpreting this correctly?
Can you help me understand what this Lis Pendens is really about and whether it could impact a potential purchaser’s title if the property is acquired through the post-sale bidding process?
Thank you for your help.
