foreclosure


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fore·clo·sure

 (fôr-klō′zhər)
n.
1. The act of foreclosing, especially a legal proceeding by which a mortgage is foreclosed.
2. A property that has undergone foreclosure: decided to purchase a foreclosure.

fore•clo•sure

(fɔrˈkloʊ ʒər, foʊr-)

n.
the act of foreclosing a mortgage or sometimes a pledge.
[1720–30]

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
ThesaurusAntonymsRelated WordsSynonymsLegend:
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

foreclosure

[fɔːˈkləʊʒəʳ] Napertura f de un juicio hipotecario

foreclosure

[fɔːrˈkləʊʒər] nsaisie f

foreclosure

nZwangsvollstreckung f(on bei)

foreclosure

[fɔːˈkləʊʒəʳ] npignoramento
References in classic literature ?
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.
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.
There were no foreclosures of mortgages, no protested notes, no bills payable, no debts of honour in Typee; no unreasonable tailors and shoemakers perversely bent on being paid; no duns of any description and battery attorneys, to foment discord, backing their clients up to a quarrel, and then knocking their heads together; no poor relations, everlastingly occupying the spare bed-chamber, and diminishing the elbow room at the family table; no destitute widows with their children starving on the cold charities of the world; no beggars; no debtors' prisons; no proud and hard-hearted nabobs in Typee; or to sum up all in one word--no Money
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.
California reported 51,259 foreclosure filings in September, the most of any state and one foreclosure filing for every 253 households--the nation's third highest state foreclosure rate.
com recorded 1533 trustee sales in Los Angeles, 425 foreclosure auctions in New York City, 572 in Miami-Dade County, and 293 in Seattle (King County) for July-September 2006.
RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with nearly 650,000 properties from more than 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo
According to Lewis, pastor Mario Raynard Howell directed Lewis to an alleged "financial advisor" and fellow congregant who promised to save her home from foreclosure.
Last month the owners of 81,290 properties nationwide entered some stage of foreclosure, up 13.
Unfortunately, lenders aren't always interested in the life circumstances that lead to foreclosure.
When the mortgagor is solvent and personally liable, the outstanding debt is considered realized to the extent of the property's fair market value at the reconveyance, foreclosure or abandonment date.
LOS ANGELES, April 23, 2015 /PRNewswire/ -- There are several ways to stop a foreclosure from moving forward.