Foreclosure Definition

fôr-klōzhər
foreclosures
noun
The act of foreclosing, especially a legal proceeding by which a mortgage is foreclosed.
American Heritage
The legal procedure for satisfying claims against a mortgagor in default who has not redeemed the mortgage: satisfaction may be obtained from the proceeds of a forced sale of the property.
Webster's New World
An action brought by the holder of a security interest in property to terminate the owner’s interest in order to take possession of, or to sell the property, in satisfaction of the secured debt.
Webster's New World Law
Synonyms:

Other Word Forms of Foreclosure

Noun

Singular:
foreclosure
Plural:
foreclosures

Foreclosure Sentence Examples

  • Look into all your options and rights if you face foreclosure.

  • In fact, even if a lender has a policy of initiating foreclosures after a specific amount of time, the foreclosure process may not begin as scheduled if the lender is already backlogged with a large number of foreclosures.

  • A house foreclosure happens when an owner defaults on the mortgage payments for a property.

  • The most stressful time for a family can be the period preceding a possible foreclosure or business failure.

  • A foreclosure occurs when a homeowner is not able to meet the monthly financial obligation of the mortgage payment.

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Words Starting With

FFOFOR

Words Ending With

EREURE

Unscrambles

foreclosure

Words Starting With F and Ending With E

Starts With F & Ends With EStarts With FO & Ends With EStarts With F & Ends With RE

Word Length

11 Letter Words11 Letter Words Starting With F11 Letter Words Ending With E