Long Island Lis Pendens Continue To Decline!
Lis Pendens filings are down in both Nassau and Suffolk Counties.
Lis Pendens filings have been decreasing since the 4th quarter of ‘08 and both counties are at a 2 year low (Not taking into account the Paterson Foreclosure moratorium in the 4th quarter of ‘08) . This is the first place that we would see the signs of the market improving. Unfortunately we are still not out of rough water yet, until the economy and home prices stabilize we will continue to see are large amount of Lis Pendens filings each quarter. But all in all this is very good news.




