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Lee County Lis Pendens (mortgage deliquency)....

By
Real Estate Agent with REMAX Realty Team-Cape Coral, FL

Lis Pendens filed in Lee County.........

 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 mortgage delinquency.

 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.....

 

Comments (4)

Lewis Beynon
CENTURY 21 Triangle Group - Raleigh, NC
Lew B Realty

Great Post Debbie, looks like things are headed in the right direction.  Do you get this data from a service or hard-core research?

Nov 19, 2009 06:16 AM
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

What an innovative idea for a post, Debbie! Although I knew that a lis pendens is a result of a real estate related dispute or mechanic's lien, I didn't realize they could also be the first sign of mortgage delinquency. Thanks for the post! :)

Leilani

Nov 19, 2009 04:46 PM
Jay Beckingham
Christensen Financial Mortgage - Port St Lucie, FL
Seniors ROCK!

great info, thanks.

Nov 20, 2009 12:07 AM
Marian Pierre-Louis
Fieldstone Historic Research - Medway, MA
Metrowest Boston

The chart looks like you are starting on a downward trend.  That's good news.  That's very creative information to post.  A good indicator. -Marian

Nov 22, 2009 12:02 AM