Lis Pendens in New York Explained — What Long Island Homeowners Must Know

A lis pendens (Latin for "suit pending") sounds catastrophic, and for many Long Island homeowners it's the first time they realize their foreclosure has crossed from a private problem with the bank into a public legal proceeding. The good news: a lis pendens does not mean you've lost your home, and it does not prevent you from selling. This article explains exactly what it is, what it does to you, and what your real options are.

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