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 ?
The right of redemption-that is, the right to redeem the sold property within one year from the registration of its sale, may only be exercised by the mortgagor in extrajudicial foreclosure proceedings and judicial foreclosure proceedings where the plaintiff is a bank or a banking institution.
The basis was whether the LCEID had authority to issue bonds and whether judicial foreclosure was an appropriate remedy.
Judicial foreclosure state New Jersey, on the other hand, saw its rate in September more than quadruple on an annual basis.
This partially explains patterns evident in the Fourth District, where states that rely exclusively on a judicial foreclosure process--Ohio, Kentucky, and Pennsylvania--have seen little decline in their foreclosure rates.
The researchers find that states that require a judicial foreclosure had a 3 percentage point lower rate of foreclosures per homeowner during 2008 and 2009 than states without that requirement.
New York State follows a judicial foreclosure process, which tends to slow things down even more than in states that do not require court approval.
New York was another judicial foreclosure state that enacted a foreclosure moratorium statute during the thirties.
In a judicial foreclosure, the lender sues the borrower in court.
(121) Even where power of sale foreclosures are permitted, there are certain situations where a mortgagee will elect to utilize the state's judicial foreclosure apparatus, for example, where there are lien priority disputes.

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