What many real estate investors do when they are looking to help someone that is having trouble paying their mortgage, and find a real estate deal of course, is look through the list of Lis Pendens and attempt to contact the people to see if they are looking to get out of their situation.
These listings indicate that a legal action has been initiated, the outcome of which may affect the title of the property.
In Mahopac, the following properties received notice from the lender that an action was filed with the courts. This is all public information.
Filed by Household Finance Realty Corporation of NY. Amount attempting to secure: $89,246. Affecting property located at 543 Cross Hill Lane, Mahopac 10541
Filed by Wells Fargo Bank. Amount attempting to secure: $428,000. Affecting property located at 22 E. Lovell St., Mahopac 10541
For statistics on how many of our county’s mortgages are in trouble, visit this other blog post: Putnam, Mahopac Real Estate Statistics.
These listings were taken from the Westchester County Business Journal, October 25, 2010.
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