In New York, all mortgage foreclosures are judicial foreclosures (meaning that the foreclosing lender must commence and prosecute a lawsuit). 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.Lis pendens is a notice lenders use during a judicial foreclosure. Overview. ​. Are you behind paying your mortgage? Afraid the bank will foreclose (take your home)? Providing proof of prior ownership: You'll need to show that you were the legal owner of the foreclosed property. The document discusses various cases related to chattel mortgages under Philippine law. It provides summaries of 18 cases that cover topics