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foreclosure

   Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
fore·clo·sure  (fôr-klzhr, fr-)
n.
The act of foreclosing, especially a legal proceeding by which a mortgage is foreclosed.
foreclosure
the process by which mortgaged property enters into the possession of the mortgagee without right of redemption by the mortgagor, usually for reason of delinquency in mortgage payments.
See also: Property and Ownership
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.foreclosure - the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
legal proceeding, proceeding, proceedings - (law) the institution of a sequence of steps by which legal judgments are invoked
Translations
Spanish foreclosure [fɔːˈkləuʒəʳ] n → apertura de un juicio hipotecario
French foreclosure [fɔːˈkləuʒəʳ] n → saisie f du bien hypothéqué
German foreclosure [fɔːˈkləuʒəʳ] foreclose n → Zwangsvollstreckung f
Italian foreclosure [fɔːˈkləuʒəʳ] n → sequestro di immobile ipotecato
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? Mentioned in ? References in classic literature
 
I did not appear but through this agent I forced the foreclosure, and but few days (no more, believe me, than the law allowed) were given John Claverhouse to remove his goods and chattels from the premises.
Moon-Face and Other Stories by London, Jack View in context
You must remember that the first mortgage comes in for the first claim after taxes, and if the foreclosure doesn't bring enough to satisfy more than that, the second mortgage is sleeping on its rights.
Dust by Haldeman, Julius Mr. and Mrs. View in context
There are deeds of trust, mortgages, certificates of release, transfers, judgments, foreclosures, writs of attachment, orders of sale, tax liens, petitions for letters of administration, and decrees of distribution.
John Barleycorn by London, Jack View in context
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