Legal Question in Real Estate Law in Illinois

Depends on the kind of judgment. What you will probably want is a recordable "Satisfaction of Judgment" and a recordable "Release of Lien" from the creditor. If the judgment will be paid from proceeds of the home's sale, the release and satisfaction can be delivered to the title company something like another "payoff" letter and recorded (at your expense) as the sale closes and the creditor is paid. The "Lis Pendens" notice is only to put third parties on notice of the creditor's claim and if the proper release and satisfaction forms are recorded that ends the matter. However, you are most likely incurring interest, attorney fees and court costs, and a negative credit rating if you wait until the foreclosure goes to judgment and then you decide to pay the judgment off before it is sold in foreclosure. You are taking many risks but may be necessary if you don't have the money to pay the judgment now or if you want to defend the foreclosure. When it comes to recorded documents, lis pendens isn't "removed", instead the proper documents that put an end to it are recorded instead.