This article describes the steps and timeline of a foreclosure case from beginning to end. 1. Mortgage in default 2.This is to notify that the Lis Pendens filed in and has been terminated. You should only file a lis pendens after a law suit if a law suit is pending. Lis Pendens literally means, "suit pending." Lis pendens is a notice lenders use when they initiate a foreclosure sale. A lis pendens is a notice of pending litigation. It constitutes constructive notice of any claims in the suit as to the land.