Depends on what the Lis Pendens is for. Anyone can file and record this and sometimes there is no ground for it. Title Insurance will have to remove this usually to issue new title insurance. In current practice, a lis pendens is a written notice that a lawsuit has been filed concerning real estate, involving either the title to the property or a claimed ownership interest in it. The notice is usually filed in the county land records office. Recording a lis pendens against a piece of property alerts a potential purchaser or lender that the propertyâ€™s title is in question, which makes the property less attractive to a buyer or lender. After the notice is filed, anyone who nevertheless purchases the land or property described in the notice takes subject to the ultimate decision of the lawsuit.
A foreclosure will wipe out a lis pendens, unless the mortgage or other lien which is being foreclosed was created after the suit was filed.
Good luc, talk to an attorney