California  |  Real Estate Law

Legal Question

Asked on: 3/29/06, 8:53 pm

lis pendens- Am I able to still buy? What can happen?

There is a lawsuit pending on a property that I want to purchase. The probability is very low that the ruling will be in favor of the party that could effect my ownership of the home. Am I still able to purchase under these circumstances? Must I wait until the lawsuit has been decided? If I give the owner cash for the home and the court ruling determines that someone else owns the home, am I entitled to the cash that I paid?

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