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 ?
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.
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.
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.
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
WHEN A MORTGAGEE receives property through voluntary reconveyance, foreclosure or abandonment, no gain or loss is recognized and the debt is not considered worthless or partially worthless.
Completed foreclosures in February reached the highest monthly total since the foreclosure crisis began, soaring by more than 67 percent over January's reduced foreclosures, according to the latest U.
Foreclosure auctions by borough (chart courtesy of Propertyshark.
Foreclosure rates nationwide jumped by 24% in August from the previous month, which is a 53% increase over last year and a record high for 2006, according to RealtyTrac, an online marketplace for foreclosure properties.
The number of homes entering the foreclosure process steadily increased on a national basis throughout 2005--with Florida, Colorado and Utah posting the highest foreclosure rates, according to Irvine, California-based RealtyTrac[TM].
For the second consecutive month, the Los Angeles metropolitan area recorded the lowest foreclosure rate of the country's top five markets during May, and industry tracker said Wednesday.
AcSEC, however, did reach a conclusion on the in-substance foreclosure issue and issued a new practice bulletin no.
In this first post-election look at foreclosure numbers, October pre-foreclosure filings -- which can include notice of default and/or foreclosure auction -- were off more than 10% from August's highs, and nearly 7% from September's numbers.