First, what is a lis pendens? A lis pendens is a written notice that a lawsuit has been filed with the courts concerning real estate. You could kind of call it…one of the first indicators of a possible foreclosure.
Everyone’s talking about foreclosures. Are they slowing down? Will there be a new wave?
It is important to keep in mind that not every lis pendens filing will turn into a foreclosure but I’ve been watching the overall numbers for a while now…waiting for a sign. You tell me what you see……
If you would like me to send you more figures and graphs….drop me an email at [email protected]