A lis pendens is the first filing made during the foreclosure process. Barron's Dictionary of Real Estate Terms defines Lis Pendens as Latin for suit pending.Generally, a private lender can file a lis pendens on property that is collateral for his loan if the loan is in default. Historically known as lis pendens, a notice of pendency constructively gives notice of the ownership dispute to any potential thirdparty. A lis pendens is a legal document filed in the chainoftitle of a real property that is the subject of, or which is affected by, a pending lawsuit. A notice of pendency, also known as lis pendens, is a provisional remedy available to litigants seeking a judgment that affects title to real property. This article will discuss the intended purpose of lis pendens notices and why Texas lawmakers should consider new ways to curb their frequent misuse. Lis pendens serves as a formal notice of a pending lawsuit involving real property. 5303 Realty, 64 N.Y.2d at 315 16. To file a lis pendens, the claimant must have a legitimate issue regarding the property title.