foreclosure

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Related to Forclosure: Judicial foreclosure

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 ?
6% of the homes in this area are distressed listings, which means that the Las Vegas home sale is either a short sale or a forclosure.
Simon Development Group aquired 166 West 75th Street, an 81,000 s/f, 200 unit building with ground floor retail on West 75th Street between Columbus and Amsterdam Avenues out of forclosure through a sale arranged by HFF.