New Area Of Home Market For Me

I've come to the conclusion that I need to look for REO's and the like because in my area vacancies are high and rents are low.... and cash flow with that just ain't happening. mad
I was checking out some sites online and came accross RealtyTrac .com . Is this worth my money? Anyone with good finds on this site?
Also what is a "lis pendens".
Thanks!

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