People ask me about what is a lis pendens and how it affects the ownership of their home.
A lis pendens is a public notice - public in the form of being recorded at the relevant government office for recording land records - that puts other creditors on notice that this particular lender/servicer has a claim against the property.
A lis pendens is NOT a foreclosure complaint but a precursor to a foreclosure complaint.
It is not a sale of your home (remember ... judicial foreclosure and lien theory jurisdictions ONLY) and it does not affect your credit in and of itself.
The facts leading up to the filing of the lis pendens (defaulting on the mortgage loan) might damage your credit but the lis pendens does not have much of an effect.
Once you clear up the problems with the mortgage loan the lis pendens will be vacated.
So, there you go. New Jersey lis pendens explained.
Please note, this is a New Jersey specific video, and it does not apply to other states that are not both judicial foreclosure AND lien theory states. I have a video elsewhere about the difference between judicial vs. non-judicial foreclosure states, and lien vs. fee theory real property ownership states.
New Jersey is a lien theory, judicial foreclosure state. I suspect but cannot say for complete certainty that my information in this video will also apply to other lien theory, judicial foreclosure states but it probably does.
------
More Resources
Our website: [ Ссылка ]
About Foreclosure Defense: [ Ссылка ]
Guide to Foreclosures in New Jersey: [ Ссылка ]
More about your rights during foreclosure: [ Ссылка ]
Learn about the new CFPB servicing rules: [ Ссылка ]
