Lis Pendens Renewals on the Rise
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The past several months have shown an unprecedented number of Lis Pendens being re-filed.
The chart below shows the number of monthly Lis Pendens notices that were the result of a re-filing. | |
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As the chart shows, there has always been some small number of re-filings each month, most of them not caused by a 3 year delay.
Since the beginning of 2010, that number has continued to rise, to a high of 172 in December, representing 20% of the total filings for the month. The chart below shows the relationship between new notices and re-filings. | |
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For complete information on Long Island Sales and Lis Pendens, visit The Long Island Real Estate Report Stats/Trends area. |