Escrow & Title
A lis pendens recorded against a property means:
AThe property has a federal tax lien
BThere is a pending lawsuit affecting the property's title✓ Correct
CThe property is in foreclosure proceedings
DThe owner has filed for bankruptcy
Explanation
A lis pendens ('suit pending') is a recorded notice that a lawsuit has been filed that may affect title to a specific property. It warns prospective buyers and lenders that the property's title may be subject to the outcome of litigation.
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