Q: What is a judicial foreclosure state and is New York considered one?
A: A judicial foreclosure state means a bank must bring a lawsuit to foreclose, and New York is such a state.
Jonathan David Warner agrees with this answer
A: A judicial foreclosure is a Court-Ordered repossession of real property by a secured lender. New York is a judicial foreclosure State, meaning that banks must obtain Court Orders prior to physically foreclosing/repossessing real property.
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