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foreclosure

[fawr-kloh-zher, fohr-]

noun

Law.
  1. the act of foreclosing a mortgage or pledge.



foreclosure

  1. A proceeding in which the financer of a mortgage seeks to regain property because the borrower has defaulted on payments.

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Other Word Forms

  • antiforeclosure noun
  • nonforeclosure noun
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Word History and Origins

Origin of foreclosure1

First recorded in 1720–30; foreclose + -ure
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Example Sentences

Examples have not been reviewed.

The looming home foreclosure is not just a narrative device; it’s a symbol of systemic dispossession, of a profit-driven world where communities are expendable.

From

This relatively obscure novel by the author of “The Day of the Locust” tells the story of Lemuel Pitkin, a Vermonter who loses his house to foreclosure.

From

In fact, about 25% of cancer patients either lose their homes to foreclosure or go bankrupt.

From

There’s another kind of mobility that comes about involuntarily — a result of foreclosure, eviction, or housing insecurity.

From

“The home can be repossessed if the person falls behind, and that's usually a quicker process than in default and foreclosure,” Rachel Siegel, a senior officer with Pew Charitable Trusts’ housing policy initiative, told Salon.

From

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forecloseforeconscious