- verbforeclose (verb) · forecloses (third person present) · foreclosed (past tense) · foreclosed (past participle) · foreclosing (present participle)
- take possession of a mortgaged property as a result of the mortgagor's failure to keep up their mortgage payments:"the bank was threatening to foreclose on his mortgage"
- take away someone's power of redeeming (a mortgage) and take possession of the mortgaged property.
- rule out or prevent (a course of action):"the decision effectively foreclosed any possibility of his early rehabilitation"
OriginMiddle English: from Old French forclos, past participle of forclore, from for- ‘out’ (from Latin foras ‘outside’) + clore ‘to close’. The original sense was ‘bar from escaping’, in late Middle English ‘shut out’, and ‘bar from doing something’ (foreclose), hence specifically ‘bar someone from redeeming a mortgage’ (foreclose, early 18th century).Similar and Opposite Wordsverb- rule out or prevent (a course of action):
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WEBThe meaning of FORECLOSE is to shut out : preclude. How to use foreclose in a sentence.
WEBThe meaning of FORECLOSURE is an act or instance of foreclosing; specifically : a legal proceeding that bars or extinguishes a mortgagor's right of redeeming a mortgaged estate.
WEBForeclose means to take back property that was bought with borrowed money or to prevent something from being considered as a possibility in the future. Learn more about the …
WEBForeclose definition: to deprive (a mortgagor or pledgor) of the right to redeem their property, especially on failure to make payment on a mortgage when due, ownership of …
WEBTo foreclose is to prevent something from happening. If you want to foreclose any possibility of getting in a car accident, you should travel by train instead.
WEBForeclose means to take back property that was bought with borrowed money or to prevent something from being considered as a possibility in the future. Learn how …
WEB1. a. To enforce (a lien, deed of trust, or mortgage) in whatever manner is provided for by law. b. To bring a suit to prevent a mortgagor from redeeming (a property) by paying any …
WEBFORECLOSURE definition: 1. the action of taking back property that was bought with borrowed money because the money was not…. Learn more.
WEBDefinitions of foreclosure. noun. the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default. see more. Pronunciation. US. …
WEBforeclose. [intransitive, transitive] foreclose (on somebody/something) | foreclose something (finance) (especially of a bank) to take control of somebody’s property …
FORECLOSE definition and meaning | Collins English Dictionary
WEB1. law. to deprive (a mortgagor, etc) of the right to redeem (a mortgage or pledge) 2. (transitive) to shut out; bar. 3. (transitive) to prevent or hinder. 4. (transitive) to answer or …
Foreclosure: Definition, Process, & How To Avoid - Investopedia
WEBForeclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of the mortgaged property and selling it.
FORECLOSURE Definition & Meaning | Dictionary.com
WEBthe act of foreclosing a mortgage or pledge. foreclosure. A proceeding in which the financer of a mortgage seeks to regain property because the borrower has defaulted on …
Foreclosure: Definition, process and Next Steps - Zillow
WEBForeclosure is a legal process by which a homeowner forfeits their rights to their property, based on their inability to make monthly mortgage payments (typically when a …
foreclose Definition, Meaning & Usage | Justia Legal Dictionary
WEBforeclose - The process by which a lender initiates legal actions against a borrower who has failed to repay a loan as agreed, primarily with intent to take possession and sell the …
foreclosure noun - Definition, pictures, pronunciation and usage …
WEBforeclosure. noun. /fɔːˈkləʊʒə (r)/. /fɔːrˈkləʊʒər/. [uncountable, countable] (finance) the act of taking control of somebody's property because they have not paid back …
foreclose - WordReference.com Dictionary of English
WEBto shut out; exclude; bar. to hinder or prevent, as from doing something. to establish an exclusive claim to. to close, settle, or answer beforehand. v.i. Law to foreclose a …
Foreclosure - Wikipedia
WEBForeclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of …
Foreclosure - Definition, Examples, and Processes - Legal …
WEBForeclosure is the legal process that involves taking possession of property when a loan borrower fails to make payments to the lender. The lender takes possession of …
FORECLOSURE | definition in the Cambridge English Dictionary
WEBFORECLOSURE meaning: 1. the action of taking back property that was bought with borrowed money because the money was not…. Learn more.
Foreclosure: How It Works And How To Avoid | Bankrate
WEBWhat is a foreclosure? Foreclosure happens when the lender takes control of a property after the borrower misses multiple mortgage payments. This is also referred to as …
What Is Foreclosure and What Is the Process Like? | Nolo
WEBA "foreclosure" is the forced sale of a property due to non-payment of a loan. If you default on a mortgage loan, the lender will use this legal process to sell your home to …
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What Is a Foreclosure? - The Balance
WEBDefinition. Foreclosure is the process that lenders use to take possession of property from borrowers who can't pay their mortgages. Once in possession of the home, the …
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WEBDefinition and h ow properties enter preforeclosure. Preforeclosure is a term used to describe the process leading up to a foreclosure, which is when a mortgage lender …
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WEBDefendants move for dismissal , arguing Plaintiff’s claims are foreclosed by the New York court’s findings. (See generally . Mot.). Plaintiff disagrees, and, in the alternative, moves …
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