It is nice to see both counties lis pendens filings dropping off in the last quarter of ‘09. In 2008 the 4th quarter also reflects a drop in lis pendens filings; however, that was caused by The law New York Governor Paterson enacted in late spring of last year which delayed the foreclosure process 90 days.  Click here to view additional details

The decline in the 4th quarter of ‘09 could be signs of the mortgage defaults slowing down, only time will tell.

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