forclosure

[US]/fɔːˈkləʊʒə/
[UK]/fɔrˈkloʊʒər/

Translation

n.foreclosed property sold at auction; right of redemption; cancellation of the right of redemption

Example Sentences

the bank initiated foreclosure proceedings after three missed mortgage payments.

she hired an attorney to stop foreclosure and negotiate a payment plan.

the lender filed for foreclosure when the loan went into default.

a foreclosure notice was posted on the front door last week.

they managed to avoid foreclosure by refinancing at a lower rate.

the property was sold at a foreclosure auction for far less than expected.

local charities offer foreclosure assistance to struggling homeowners.

during the foreclosure crisis, many neighborhoods saw vacant homes and falling prices.

the judge granted a foreclosure order after reviewing the documents.

he fears foreclosure risk will rise if interest rates climb again.

after foreclosure, the former owner had to vacate the house within thirty days.

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