The filing of lis pendens slowed down in seven of eight counties surveyed by real estate research firm Default Research Inc. in August.
Lis pendens is a written document notifying the property owner and the court that the property owner has failed to make payments within a certain period. It is the first stage of the foreclosure process in judicial foreclosure states. It is called notice of default in non-judicial foreclosure states.
The lis pendens document includes a legal description of the targeted property and also involves the property in the lawsuit.
In some publications, lis pendens is also called pre-foreclosure because it precedes foreclosure.

October 5th, 2009
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Tags: Counties, Lis Pendens, Lis Pendens Slowed, Pendens Slowed