Just a bit more on the subject:
This home pended Feb 28 and was due to close March 30. Any number of things
may hold up a closing. But yes, as noted below, pending is simply the period
of time between acceptance of an offer and the closing of the sale.
Many agents don't pend until all the contingencies are met and removed from
consideration. Until that time, you may see a B or a $ or another disignation
beside the word Active at the top of the listing. This, however, was a bank owned
home and they typically pend right after acceptance.
Hope that helps,
Prudential Indiana Realty Group