What does lis pendant in the foreclosure process mean


While browsing realtytrac with a friend, I discovered that one of the units in our small condo building is in lies pendent.
The filing was recorded over a year ago.
What does this really mean?
If a motion is filed does it always stay on the record, even when the situation is resolved, which i’m assuming is the case here?

By fkb | 06/23/2008 11:07 AM | Comment