Lee County Lis Pendens filed.........
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. Regardless of what we are feeling, we are in a little better shape than we were a year ago but we have a long way to go.