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lis pendens

   Also found in: Legal, Wikipedia 0.04 sec.
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Noun1.lis pendens - a pending lawsuit
action at law, legal action, action - a judicial proceeding brought by one party against another; one party prosecutes another for a wrong done or for protection of a right or for prevention of a wrong
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"

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Comparing NYC Lis Pendens in Q3 2005 and Q3 2006, we see an increase in defaults across all boroughs; this may be indicative of a future increase in foreclosure rates City-wide.
The first thing for a plaintiff to do may be to record a lis pendens (or notice of pendency of action) on the property.
There have been over 2800 recent lis pendens filings in Queens, and almost 3000 filings in Kings County.
 
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