What does Lis Pendens mean in real estate?

Lis Pendens is a legal term that refers to a notice filed with the county recorder's office alerting the public that a lawsuit has been filed involving a specific piece of real estate. In the context of selling a house, a lis pendens may be filed by a lender who is in the process of foreclosing on the property or by a homeowner who is suing their lender in an effort to save their home.

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