Which of the following statements is NOT accurate? In New York mortgage foreclosure proceedings take place in the New York State Supreme Court. Foreclosure is the process whereby a lender enforces a mortgage lien on real estate to collect a loan when the borrower does not repay it. OOOO If a property is sold in foreclosure for more that the balance of the unpaid loan and the costs of the procedure, the extra money is kept by the lender. Foreclosure sales are advertised to the public and take place in public