In New York, all mortgage foreclosures are judicial foreclosures (meaning that the foreclosing lender must commence and prosecute a lawsuit). These Foreclosure Forms are for All Courts that preside over Residential Foreclosure Cases.A wraparound transaction is a form of creative seller financing that leaves the original loan and lien in place when a property is sold. Each option will require that additional language be added to your Final Decree of Divorce form. Most options will also require separate real estate documents. Power of sale is a clause in a mortgage that gives the lender the right to foreclose on a property if the borrower defaults, without judicial review. Foreclosure can be a scary and overwhelming process. Learn more about the process and how to handle a foreclosure in Florida. Hotel Lawyer with tips for lenders on defaulted California mortgages. Fused with extra- legal meaning.