(1) A public notice that a lawsuit affecting title to or possession, use, and enjoyment of a parcel of real estate has been filed in either a state or federal court.
(2) A lis pendens is a recorded document that gives notice that a home is subject to a pending legal action, such as a judicial foreclosure. Recording a lis pendens with the county and providing it to the borrower begins the judicial foreclosure process in which the lender will repossess the home. The borrower still has the option to try to sell the home as a short sale or refinance to stay in the home. But the home is considered to be in pre-foreclosure from the time a lis pendens is recorded. Once foreclosure is completed or no longer pending, the lis pendens is removed from county records and the home’s chain of title.