In Re Wolf

OPINION

In this original proceeding, we determine whether the trial court abused its discretion in denying Edward G. Wolfs motion to cancel a lis pendens filed by LFSI, Inc. formerly known as Strategic Finance, Inc. The lis pendens affects four lots owned by Wolf in Montgomery County, Texas. We conditionally grant the mandamus.

In the underlying cause, Strategic Finance, Inc. (“Strategic”) sued First National Net, Inc. (“FNN”) and Wolf regarding a debt owed to Strategic under a factoring agreement between Strategic and FNN. Strategic’s business is purchasing accounts receivable from clients…