Notice of lis pendens over a year old

[James Annello]

Hello Everyone!

I came across a property from doing "driving for dollars" I noticed a piece of paper posted on the front door and the house looked neglected. After getting home and doing my research I found that it was a Notice of Lis Pendens but the date it was posted was over a year ago. What does this mean?Should I mail a letter to the owner or would it be a waste of time because the bank already owns? I am fairly new to this so I am confused as to why it has been so long.

Thank you!

James