{"id":38,"date":"2026-03-18T17:23:53","date_gmt":"2026-03-18T17:23:53","guid":{"rendered":"https:\/\/fayettedeals.com\/?p=38"},"modified":"2026-03-18T17:23:53","modified_gmt":"2026-03-18T17:23:53","slug":"lis-pendens-report-march-2026","status":"publish","type":"post","link":"https:\/\/fayettedeals.com\/?p=38","title":{"rendered":"Lis Pendens Report \u2014 March 2026"},"content":{"rendered":"\n\n\n\n\n
\n

Lexington, KY | Fayette County Clerk Records<\/p>\n

Lis Pendens Report \u2014 March 2026<\/h1>\n

5 distressed properties identified from recent court filings \u2014 full encumbrance data, equity analysis, and direct links<\/p>\n

\n \ud83d\udcc5 Filed: March 17\u201318, 2026<\/span>\n \ud83c\udfe0 5 Properties Analyzed<\/span>\n \ud83d\udccb Source: fayettedeeds.com<\/span>\n <\/div>\n<\/div>\n\n\n
\n

\ud83d\udca1 What Is a Lis Pendens \u2014 and Why Should Investors Care?<\/h2>\n

A lis pendens<\/strong> (“pending lawsuit” in Latin) is a public notice filed in the county land records indicating that a legal action affecting the property is underway. It could signal foreclosure, a lien dispute, divorce, estate litigation, or collection actions by creditors.<\/p>\n

For flippers and wholesalers, lis pendens filings are early warning signals of motivated sellers<\/strong>. Owners facing litigation often need to sell quickly \u2014 sometimes at a discount \u2014 before the court action forces their hand. The window between filing and resolution can be your opportunity.<\/p>\n<\/div>\n\n\n

\n\n \n
\n
\n Property 1 of 5<\/span>\n

523 Rosemont Garden, Lexington KY 40503<\/h2>\n <\/div>\n \u2696\ufe0f Lis Pendens Filed 3\/18\/26<\/span>\n <\/div>\n\n
\n\n \n
\n
\n
$509K<\/div>\n
Zillow List Price<\/div>\n <\/div>\n
\n
$320K<\/div>\n
Mortgage Balance<\/div>\n <\/div>\n
\n
~$189K<\/div>\n
Est. Equity<\/div>\n <\/div>\n
\n
2,284<\/div>\n
Sq Ft<\/div>\n <\/div>\n
\n
4 \/ 2<\/div>\n
Bed \/ Bath<\/div>\n <\/div>\n
\n
1947<\/div>\n
Year Built<\/div>\n <\/div>\n <\/div>\n\n \n
\n\n
\n

Filing Details<\/h3>\n \n
Parties<\/td>Paetsch Christine Louise & Siegmund<\/td><\/tr>\n
Record<\/td>839\/221<\/td><\/tr>\n
Cross-Ref<\/td>4054\/314-032<\/td><\/tr>\n
Subdivision<\/td>Lafayette<\/td><\/tr>\n <\/table>\n <\/div>\n\n
\n

Encumbrances<\/h3>\n \n
Purchase Price<\/td>$400,000 (Jan 2024)<\/td><\/tr>\n
1st Mortgage<\/td>$320,000 \u2014 Central Bank & Trust \/ MERS<\/td><\/tr>\n
Other Liens<\/td>None identified<\/td><\/tr>\n
Total Encumb.<\/td>$320,000<\/td><\/tr>\n <\/table>\n <\/div>\n <\/div>\n\n \n
\n

\ud83d\udd0d Investor Angle:<\/strong> Purchased just 14 months ago for $400K with a $320K mortgage \u2014 the lis pendens suggests trouble shortly after acquisition. With Zillow listing at $509K, there’s substantial equity above the mortgage. A motivated seller or pre-foreclosure deal could yield a significant spread. Classic hardwood floors and large windows make this a strong flip or rental candidate in the established Lafayette neighborhood.<\/p>\n <\/div>\n\n \n

\n \ud83c\udfe0 View on Zillow<\/a>\n \ud83d\udcc4 Fayette Deeds Search<\/a>\n \ud83d\uddfa\ufe0f PVA Property Record<\/a>\n <\/div>\n\n <\/div>\n<\/div>\n\n\n
\n\n
\n
\n Property 2 of 5<\/span>\n

392 Bassett Ave, Lexington KY 40502<\/h2>\n <\/div>\n
\n \u2696\ufe0f Lis Pendens Filed 3\/18\/26<\/span>\n \ud83d\udd01 REPEAT Filing<\/span>\n <\/div>\n <\/div>\n\n
\n\n
\n
\n
~$385K<\/div>\n
Nearby Comp<\/div>\n <\/div>\n
\n
$55.7K<\/div>\n
Mortgage Balance<\/div>\n <\/div>\n
\n
2\u00d7 Filed<\/div>\n
Prior LP: Jul 2022<\/div>\n <\/div>\n
\n
899<\/div>\n
Sq Ft<\/div>\n <\/div>\n
\n
1 \/ 1<\/div>\n
Bed \/ Bath<\/div>\n <\/div>\n
\n
1966<\/div>\n
Year Built<\/div>\n <\/div>\n <\/div>\n\n
\n
\n

Filing Details<\/h3>\n \n
Parties<\/td>Bruggeman Judy, Central Bank, Collins Betty, KY Dept of Revenue<\/td><\/tr>\n
Record<\/td>839\/223<\/td><\/tr>\n
Prior LP<\/td>July 15, 2022 (same parties)<\/td><\/tr>\n
Subdivision<\/td>Bassett Avenue tract<\/td><\/tr>\n <\/table>\n <\/div>\n\n
\n

Encumbrances<\/h3>\n \n
Purchase<\/td>Pre-1989 (inherited)<\/td><\/tr>\n
1st Mortgage<\/td>$55,695.94 \u2014 Freddie Mac (via Newrez\/Shellpoint)<\/td><\/tr>\n
State Liens<\/td>KY Dept of Revenue (amount TBD)<\/td><\/tr>\n
Total Encumb.<\/td>$55,695 + state liens<\/td><\/tr>\n <\/table>\n <\/div>\n <\/div>\n\n
\n

\ud83d\udd0d Investor Angle:<\/strong> This is a repeat lis pendens \u2014 the same parties filed in 2022 and again in 2026, indicating chronic unresolved financial distress. The mortgage balance is low ($55.7K, now held by Freddie Mac), meaning acquisition costs could be minimal if you can navigate the title issues. Multiple government creditors (Central Bank, KY Revenue) make this a complex but potentially high-upside situation. Best for experienced investors comfortable with title work and short sales.<\/p>\n <\/div>\n\n

\n \ud83c\udfe0 View on Zillow<\/a>\n \ud83d\udcc4 Fayette Deeds Search<\/a>\n \ud83d\uddfa\ufe0f PVA Property Record<\/a>\n <\/div>\n\n <\/div>\n<\/div>\n\n\n
\n\n
\n
\n Property 3 of 5<\/span>\n

936 Carneal Rd, Lexington KY 40505<\/h2>\n <\/div>\n
\n \u2696\ufe0f Lis Pendens Filed 3\/18\/26<\/span>\n \ud83c\udfda\ufe0f HUD History<\/span>\n <\/div>\n <\/div>\n\n
\n\n
\n
\n
$165K<\/div>\n
Last Sale (2019)<\/div>\n <\/div>\n
\n
$156.8K<\/div>\n
Chase Mortgage<\/div>\n <\/div>\n
\n
95% LTV<\/div>\n
High Leverage<\/div>\n <\/div>\n
\n
2,342<\/div>\n
Sq Ft<\/div>\n <\/div>\n
\n
6 \/ 2<\/div>\n
Bed \/ Bath<\/div>\n <\/div>\n
\n
1953<\/div>\n
Year Built<\/div>\n <\/div>\n <\/div>\n\n
\n
\n

Filing Details<\/h3>\n \n
Party<\/td>Bain Ann K.<\/td><\/tr>\n
Record<\/td>839\/226<\/td><\/tr>\n
Cross-Ref<\/td>None filed<\/td><\/tr>\n
Subdivision<\/td>Meadows (Castlewood Park)<\/td><\/tr>\n <\/table>\n <\/div>\n\n
\n

Encumbrances & History<\/h3>\n \n
Purchase Price<\/td>$165,000 (Jul 2019)<\/td><\/tr>\n
1st Mortgage<\/td>$156,750 \u2014 JPMorgan Chase<\/td><\/tr>\n
HUD History<\/td>Owned by HUD 2012\u20132013<\/td><\/tr>\n
Total Encumb.<\/td>$156,750<\/td><\/tr>\n <\/table>\n <\/div>\n <\/div>\n\n \n
\n

\ud83d\udcca Flip History \u2014 This Property Has Been Around the Block<\/p>\n

\n 2012: HUD forecloses ($56,700)<\/span>\n \u2192<\/span>\n 2013: Sold to investor $41,950<\/span>\n \u2192<\/span>\n 2014: Flipped $106,500<\/span>\n \u2192<\/span>\n 2019: Contractor sells $165,000<\/span>\n \u2192<\/span>\n 2026: Lis pendens<\/span>\n <\/div>\n <\/div>\n\n
\n

\ud83d\udd0d Investor Angle:<\/strong> A 6-bedroom home with 2,342 sqft in Castlewood Park that has been flipped multiple times \u2014 HUD-owned, sold to investors, delinquent tax liens cleared, then purchased at retail in 2019 with minimal equity. With the Chase mortgage nearly underwater relative to acquisition cost, a short sale or pre-foreclosure negotiation could create a value-add opportunity. The 6\/2 layout has strong rental potential.<\/p>\n <\/div>\n\n

\n \ud83c\udfe0 View on Zillow<\/a>\n \ud83d\udcc4 Fayette Deeds Search<\/a>\n \ud83d\uddfa\ufe0f PVA Property Record<\/a>\n <\/div>\n\n <\/div>\n<\/div>\n\n\n
\n\n
\n
\n Property 4 of 5<\/span>\n

400 Lancelot Ln, Lexington KY 40517<\/h2>\n <\/div>\n
\n \u2696\ufe0f Lis Pendens Filed 3\/18\/26<\/span>\n \u2705 No Active Mortgage<\/span>\n <\/div>\n <\/div>\n\n
\n\n
\n
\n
$0<\/div>\n
Mortgage Balance<\/div>\n <\/div>\n
\n
Tax Lien<\/div>\n
Delinquent Cert.<\/div>\n <\/div>\n
\n
Since 1992<\/div>\n
Long-Term Owner<\/div>\n <\/div>\n
\n
1,050<\/div>\n
Sq Ft<\/div>\n <\/div>\n
\n
1 \/ 1<\/div>\n
Bed \/ Bath<\/div>\n <\/div>\n
\n
1971<\/div>\n
Year Built<\/div>\n <\/div>\n <\/div>\n\n
\n
\n

Filing Details<\/h3>\n \n
Parties<\/td>Asset Acceptance, KY Revenue, Fayette County, Ramirez Ricardo<\/td><\/tr>\n
Record<\/td>839\/261<\/td><\/tr>\n
Prior LP<\/td>Feb 2008 (credit card debt)<\/td><\/tr>\n
Subdivision<\/td>Camelot<\/td><\/tr>\n <\/table>\n <\/div>\n\n
\n

Encumbrances<\/h3>\n \n
Purchase<\/td>$52,500 (Apr 1992)<\/td><\/tr>\n
1st Mortgage<\/td>FULLY RELEASED (Wells Fargo, 2014)<\/td><\/tr>\n
Tax Cert.<\/td>Held by Independent Capital Holdings LLC<\/td><\/tr>\n
Total Encumb.<\/td>Delinquent tax cert. + collection judgments<\/td><\/tr>\n <\/table>\n <\/div>\n <\/div>\n\n
\n

\ud83d\udd0d Investor Angle:<\/strong> No mortgage \u2014 owners have been free-and-clear since 2014. The pressure here is from debt collectors (Asset Acceptance) and a delinquent tax certificate now held by Independent Capital Holdings LLC. This is a strong candidate for creative deal structures: the owners may be highly motivated to settle and move on. The Camelot neighborhood 1971 condo offers a lower price point with potential rental income or assignment plays.<\/p>\n <\/div>\n\n

\n \ud83c\udfe0 View on Zillow<\/a>\n \ud83d\udcc4 Fayette Deeds Search<\/a>\n \ud83d\uddfa\ufe0f PVA Property Record<\/a>\n <\/div>\n\n <\/div>\n<\/div>\n\n\n
\n\n
\n
\n Property 5 of 5 \u2014 HIGH COMPLEXITY<\/span>\n

3028 River Run Trl, Lexington KY 40511<\/h2>\n <\/div>\n
\n \u2696\ufe0f Lis Pendens Filed 3\/17\/26<\/span>\n \ud83d\udd01 2nd LP in 3 Months<\/span>\n <\/div>\n <\/div>\n\n
\n\n \n
\n \ud83d\udea8<\/span>\n
\n

Potential Negative Equity Situation<\/p>\n

Total encumbrances (~$252,000+) exceed the original purchase price ($209,000) and likely current market value. This is the most complex deal on this list \u2014 and potentially the most distressed.<\/p>\n <\/div>\n <\/div>\n\n

\n
\n
$209K<\/div>\n
Purchase Price (2020)<\/div>\n <\/div>\n
\n
$252K+<\/div>\n
Total Encumbrances<\/div>\n <\/div>\n
\n
3 Liens<\/div>\n
Multiple Lenders<\/div>\n <\/div>\n
\n
1,763<\/div>\n
Sq Ft<\/div>\n <\/div>\n
\n
4 \/ 2.5<\/div>\n
Bed \/ Bath<\/div>\n <\/div>\n
\n
2004<\/div>\n
Year Built<\/div>\n <\/div>\n <\/div>\n\n
\n
\n

Filing Details<\/h3>\n \n
Parties<\/td>Aqua Finance, Coastal Community Bank, KY, Fayette County, Goodletts<\/td><\/tr>\n
Record<\/td>839\/212<\/td><\/tr>\n
Prior LP<\/td>Jan 1, 2025 (released Feb 2025)<\/td><\/tr>\n
Subdivision<\/td>Masterson-Depriest<\/td><\/tr>\n <\/table>\n <\/div>\n\n
\n

Encumbrances (Stacked)<\/h3>\n \n
1st Mortgage<\/td>$205,214 \u2014 Lakeview Loan Servicing<\/td><\/tr>\n
2nd (HUD)<\/td>$22,091 \u2014 HUD Secretary (Feb 2025)<\/td><\/tr>\n
3rd (Aqua)<\/td>$25,000 \u2014 Aqua Finance \/ Coastal Bank<\/td><\/tr>\n
TOTAL<\/td>$252,305+<\/td><\/tr>\n <\/table>\n <\/div>\n <\/div>\n\n
\n

\ud83d\udd0d Investor Angle:<\/strong> This is a complex short sale or deed-in-lieu situation for experienced investors only. The owners stacked loans beyond the home’s value: 98% LTV purchase in 2020, a $25K second mortgage in 2023, a HUD subordinate loan in 2025, plus a fixture filing by Aqua Finance. The first lis pendens was filed, briefly released, and re-filed within 3 months \u2014 suggesting an attempted workout that failed. Zillow estimates rent at $1,745\u2013$2,283\/month, which could support a discounted acquisition for buy-and-hold.<\/p>\n <\/div>\n\n

\n \ud83c\udfe0 View on Zillow<\/a>\n \ud83d\udcc4 Fayette Deeds Search<\/a>\n \ud83d\uddfa\ufe0f PVA Property Record<\/a>\n <\/div>\n\n <\/div>\n<\/div>\n\n\n
\n

\ud83d\udcca All Properties at a Glance<\/h2>\n
\n \n \n \n \n \n \n \n \n \n
Address<\/th>\n Size<\/th>\n Est. Value<\/th>\n Total Liens<\/th>\n Key Flag<\/th>\n <\/tr>\n <\/thead>\n
523 Rosemont Garden<\/td>\n 4\/2 | 2,284 sf<\/td>\n $509,000<\/td>\n $320,000<\/td>\n ~$189K Equity<\/span><\/td>\n <\/tr>\n
392 Bassett Ave<\/td>\n 1\/1 | 899 sf<\/td>\n ~$385,000<\/td>\n $55,696+<\/td>\n Repeat LP (2022)<\/span><\/td>\n <\/tr>\n
936 Carneal Rd<\/td>\n 6\/2 | 2,342 sf<\/td>\n $165K+<\/td>\n $156,750<\/td>\n HUD History<\/span><\/td>\n <\/tr>\n
400 Lancelot Ln<\/td>\n 1\/1 | 1,050 sf<\/td>\n TBD<\/td>\n Tax cert. only<\/td>\n No Mortgage!<\/span><\/td>\n <\/tr>\n
3028 River Run Trl<\/td>\n 4\/2.5 | 1,763 sf<\/td>\n ~$209K<\/td>\n $252,305+<\/td>\n \ud83d\udea8 Underwater<\/span><\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n <\/div>\n<\/div>\n\n\n
\n

\ud83d\udd0e Do Your Own Due Diligence \u2014 Free Resources<\/h2>\n
\n\n \n
\ud83d\udcc4 Fayette County Deeds<\/div>\n
Search all land records, deeds, mortgages, liens, and lis pendens filings. Free public access.<\/div>\n <\/a>\n\n \n
\ud83c\udfdb\ufe0f Fayette County PVA<\/div>\n
Property assessments, parcel maps, ownership info, and tax records for all Fayette County properties.<\/div>\n <\/a>\n\n \n
\ud83c\udfe0 Zillow \u2014 Lexington Market<\/div>\n
Current listings, Zestimates, rental estimates, and comparable sales for Lexington properties.<\/div>\n <\/a>\n\n \n
\u2696\ufe0f Fayette Circuit Court<\/div>\n
Look up the underlying court cases behind each lis pendens filing for full legal context.<\/div>\n <\/a>\n\n <\/div>\n<\/div>\n\n\n
\n \u26a0\ufe0f Disclaimer:<\/strong> This report is for informational purposes only and does not constitute legal, financial, or investment advice. Data sourced from Fayette County Clerk’s public records (fayettedeeds.com<\/a>) and publicly available real estate data as of March 18, 2026. Encumbrance figures reflect recorded instruments and may not reflect current payoff balances. Always consult a licensed attorney, title company, and real estate professional before making investment decisions. Records prior to July 1989 may not appear in the online database.\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Lexington, KY | Fayette County Clerk Records Lis Pendens Report \u2014 March 2026 5 distressed properties identified from recent court filings \u2014 full encumbrance data, equity analysis, and direct links \ud83d\udcc5 Filed: March 17\u201318, 2026 \ud83c\udfe0 5 Properties Analyzed \ud83d\udccb Source: fayettedeeds.com \ud83d\udca1 What Is a Lis Pendens \u2014 and Why Should Investors Care? A […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/fayettedeals.com\/index.php?rest_route=\/wp\/v2\/posts\/38","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fayettedeals.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fayettedeals.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fayettedeals.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fayettedeals.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38"}],"version-history":[{"count":1,"href":"https:\/\/fayettedeals.com\/index.php?rest_route=\/wp\/v2\/posts\/38\/revisions"}],"predecessor-version":[{"id":39,"href":"https:\/\/fayettedeals.com\/index.php?rest_route=\/wp\/v2\/posts\/38\/revisions\/39"}],"wp:attachment":[{"href":"https:\/\/fayettedeals.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fayettedeals.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fayettedeals.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}