It is important to note that the presence of a "lis pendens" does "not" prevent or necessarily invalidate a transfer of the property, although it makes such a transfer subject to the outcome of the litigation. Thus, the owner is not prevented from selling the land for (non-borrowed) cash, pledging it as security for a speculative loan, or giving it away, all subject to the outcome of the lawsuit. However, once the "lis pendens" is recorded, the recipient (a "purchaser" or "grantee "pendente lite"") would be deemed to have notice of the litigation and might lose their title to the property if the plaintiff's suit prevails.