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 periodicals archive ?
March 21: Notice is filed that a foreclosure sale will be conducted on June 3.
Capital Bank obtained an independent appraisal in May 2012 to set the foreclosure sale price and that appraisal valued the property at $400,000.
The maximum deficiency would be the difference between the final judgment--which can include the amount owed on the mortgage as well as attorneys' fees and other costs--and the greater of a) the amount received at the foreclosure sale, or b) the fair market value of the home as of the date of the foreclosure sale as determined by the court.
debtor) in a foreclosure sale is unlikely to have gain from disposition of the USRPI.
Houston, the Second Department stayed a foreclosure sale pending a determination on his application for a residential mortgage modification pursuant to the federal Home Affordable Mortgage Program (HAMP).
According to LPS Applied Analytics, for every foreclosure sale in Ohio in April, there remained about 70 mortgages in a state of serious delinquency.
The owner of the 100-acre Marcola Meadows project received a two-week reprieve from a bank that had planned a foreclosure sale today at the Lane County Courthouse.
To collect the remaining debt, the lender posts a foreclosure sale notice on the house and it is put up for public sale.
The fact that the creditor agreed to cancel the note on receipt of the net sale proceeds and that the buyer insisted all liens be canceled indicated the transactions were the same as a foreclosure sale.
Resolution Trust Corporation, involved the question of whether a debtor could use federal bankruptcy laws to undo a foreclosure sale carried out in compliance with state law.
On March 31, 2010, Oreo purchased the property at the foreclosure sale for the credit bid price of $5.
6-acre spread was recovered from Gary Combs at a $1 million foreclosure sale in May 2010.