Home Foreclosures: 17.3.4.5 Recording a Lis Pendens or Other Notice
In order to cash in on the homeowner’s equity, rescuers may attempt to mortgage or resell the home promptly after acquiring it. If the new owner or lender is truly a “bona fide purchaser,” the homeowner may not be able to get title to the house back or unwind the rescuer’s mortgage transaction.147