An Act to amend the foreclosure statute to require judicial foreclosure

This bill changes how residential mortgage foreclosures are handled for 1-6 family owner-occupied homes. It requires lenders to file foreclosure lawsuits in Superior Court instead of using out-of-court processes, and mandates specific service methods (posting and mailing if not delivered in person). Homeowners facing foreclosure can now raise legal defenses in court, and courts gain authority to cancel or adjust mortgages if violations of existing laws are found. The court must also record decisions invalidating prior foreclosure actions in property records at no cost. This directly affects homeowners in these properties and lenders seeking to foreclose.