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.....
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