Lis pendens samples are available on legal and financial Internet sites, such as Mortgage-Investments.com, JD Supra Business Advisor and Kinsey Law Offices. Lis pendens means “a suit pending,” states the Cornell University Law School Legal Information Institute.
A lis pendens is a legal document, which provides notice of the filing of a lawsuit, says the Cornell University Law School Legal Information Institute. It is used in real property transactions that involve title to or a claimed ownership interest in real property, and effectively gives notice to possible buyers or lenders that there may be a potential issue with the property title. Should a buyer proceed with the purchase, he is bound by the court’s final decision when the case is ultimately resolved.