Michigan's Foreclosure Law includes a six-month redemption period (12 months for agricultural property that is larger than three acres) for homeowners. A notice of lis pendens is a legal document recorded in the chain of title to real property at the local register of deeds that gives notice to everyone.Send Any Contractual Notices. 3Conducting the Foreclosure. A lis pendens is not a mechanics lien, but it is often required as part of the lien process. Remember that a lis pendens is a notice of a pending lawsuit. Prepare for Case Evaluation (If Applicable). Lis pendens is a notice lenders use when they initiate a foreclosure sale.