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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

fore•clo•sure

(fɔrˈkloʊ ʒər, foʊr-)

n.
the act of foreclosing a mortgage or sometimes a pledge.
[1720–30]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.

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
-Ologies & -Isms. Copyright 2008 The Gale Group, Inc. All rights reserved.
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

foreclosure

[fɔːˈkləʊʒəʳ] Napertura f de un juicio hipotecario
Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005

foreclosure

[fɔːrˈkləʊʒər] nsaisie f
Collins English/French Electronic Resource. © HarperCollins Publishers 2005

foreclosure

nZwangsvollstreckung f(on bei)
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

foreclosure

[fɔːˈkləʊʒəʳ] npignoramento
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
Caption: Lawrence and Delois Braggs are battling eviction after Losing their home at 15621 Sorrells Road in west Little Rock in a June foreclosure sale. [PHOTO BY JASON BURT]
Capital Bank notified the Borrowers of the acceleration of the debt and foreclosure sale. Capital Bank obtained an independent appraisal in May 2012 to set the foreclosure sale price and that appraisal valued the property at $400,000.
A workout-driven like-kind exchange may be a useful planning technique that avoids immediate tax on a foreclosure sale, which to many a debtor is added salt to the foreclosure wound.
The Task Force proposes an amendment to Florida Rule of Civil Procedure 1.110 (General Rules of Pleading) and proposes two new forms: an Affidavit of Diligent Search and a Motion to Cancel and Reschedule Foreclosure Sale. The amendment and forms are meant to facilitate the early and equitable resolution of residential mortgage foreclosure cases.
Global Banking News-5 March 2009-Bank of America to extend foreclosure sale moratorium for borrowers(C)2009 ENPublishing - http://www.enpublishing.co.uk
If, after a foreclosure sale by the lender, Y retains the right to redeem the property, the taxable gain or loss might not occur until this right of redemption expires.
Plaintiff purchased property at a 1999 foreclosure sale. In 2005, Wachovia Bank NA issued a $70,000 mortgage loan listing the property as security.
On March 31, 2010, Oreo purchased the property at the foreclosure sale for the credit bid price of $5.3 million.
Recovered from John Nock, Brandon Barber and James Massey at a $1.1 million foreclosure sale in May 2010.
The foreclosure sale is expected to take place in March, and several groups have already expressed interest in buying Riverton, which is still managed by Gluck.
Under the PTFA, the purchaser at the foreclosure sale must serve all bona fide tenants with a Notice to Vacate of at least 90 days duration.
The property was part of a $1.13 million foreclosure sale in June 2011.