New-York tribune., 1902-09-07

to be improved in the future. There were a
number Of small sales Of cons derable interest
The doings OF the week revealed that many
brokers are Of the opinion that some radical
change should be made IN the law regarding the
fling Of lis pendens As the law stands it is
thought that any operation TO Improve or any
transaction to sell purchase could be seriously
affected by the placing Of lis pendens against the
property There tables hand show
how many such liens against properties
placed last year but according 10 some of the
leaders Of the market Eho have kept watch
them. the number # sucn lens filed last year
cause Tor the Ming OF the majority OF them These
brokers ferred TO the action OF some OF the men
raeeous. They said that the law on the subject
should be amended al the next session Of the Leg
pendens to be flied unless the plaintiff in the action
Iu!"Ished pond Of not less than 5000 The pres
ent cost of filing lis pendens is 25 cents. and the
living person $50 Ear as Known to real estate mem
to prevent the recording Of an unjust lis pendens
real estate operator said 10 Tribune reporter
Some stern step should be taken 10 protect prop
erty owners against scheming persons who file lis
should be MADE attractive possible, for the
eTeateT the value OF property me rrfher Is me
the lives and the health Of its citizens and resi-
dents Why has it not been more wide awake to
preserve and to enhance the NaIut OF fSIa.d rs Ia.d
For it is mainly from the taxes received from real
splendid schools. hospitals. etc There are al
ready too many dead spots in the city By dead
icn oT etrea, ebrts tI ejry is the loser
have scent many daVs in certain districts of the
the buildings there has disgusted me This section
was once one OF the most beautiful Of the city. 1t
was then home section; Each MOUSE l owner VI "a !
in the rear or front Of his house Then ne -. the city
grew northward. and the greater par oi .1e 1
West Side was transformed from a nome StctOh
into business section. And most Of the business
dwelers cared little for the bjr ~ te
buildings. 50 long as they straT t of The owners
gave more thought TO the condl[loh - rLT nTid ]
ings than did the tenants ana 80 So,ioG ~ mat it was
ertY there could he had for song. Because OF
vacant today and they will remain 80 usI d [%s t
hnJnPyF nun TPoie 9i strsets for Improvement .
l not going to bound the ulIJ- am sbeaking Of
the Greenwich Village section or sFG@J alr paw WeI OF
it walk through many an 5ect oSs with signs Of
ruin and desolat!on every h,4 -aT50ries until
h old buildines there are torn down aG rsptfFe1 fe1
by modern business tuiiolnSs, 70 lose its attrac.
tinn a. home district and become t Daslfes sf
section there was seldom Ia ms ase suppose such
papers had been placed on ne etion OF ' The effect
mink would have been much WoTse WoTEs octioTs lad
suits were quickly settled. IL In " satisfied there
would rot be title property IN t5 ne the majority
would be worth two cents 20 Mt nut market for that
OF the leaders of the real estate NO.
matter .ar,, flaws in titles and
tbere viii be many more unless the !1M Con as pos
the ing of lis penders is chanEsf m Of the effect
she will give YOU illuStrcctpi - law to re-
T,ficb might Eesut from permttins th the citv for
ge22a ma4 IS vear @ IS ard on my 4at 45ee m
are several IS pendens filed afalo5i ga oo5icy sold in the
market for at least $500 600 but tS & r6ve that the
unsatisied and until could ieaaty unjust or false
liens against the property were W ,a1ue Until
could not sell the property at tsW IT'S tT declared void
these the es Of h pToper he f{ 3 f6eref f6e ev
afed and not only would be a. oh the marcel would
have 70 he reduced II died wlthtIbun tbn nerson who
bogus claim against the propseIt 10 show that his
claim was Just one and my NAM heitS large sum Of
ev pay nv before they could sell the property