In a foreclosure action, the judgment of foreclosure directs that the mortgaged premises be sold at auction to pay the sum due to the foreclosing plaintiff. As shown in the sample Answer below.Overview. ​. Are you behind paying your mortgage? Afraid the bank will foreclose (take your home)? Most "eClosings" involve what is a mixed or hybrid process, meaning only the note is signed, "registered" and stored electronically. Learn how long it takes to foreclose on a home in New Jersey, the best way to avoid foreclosure and the steps in the New Jersey home foreclosure process. New York is a judicial foreclosure state, which means that the lender has to sue the borrower in order to enforce their rights under the mortgage and note. At the end of the mortgage check-up, your counselor will either recommend that you explore a refinance or keep your current loan. This section is applicable, though the chattel mort- gage takes the form of a bill of sale.