Definition of foreclosure in English:

foreclosure

noun

mass noun
  • The action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.

    ‘assistance for mortgage borrowers facing foreclosure’
    count noun ‘major increases in home foreclosures’
    • ‘Single family activity remains soft, with numerous foreclosures, particularly in the Dallas-Fort Worth area.’
    • ‘For the nation overall, 14.78 percent of conventional subprime mortgages were past due, with 8.58 percent in foreclosure.’
    • ‘A relative's legal troubles pushed her into foreclosure twice within the last two years.’
    • ‘Perhaps the biggest fear any homeowner can have is foreclosure.’
    • ‘With interest rates now rising, there will be many foreclosures.’
    • ‘Remember that once you begin discussing foreclosure, everything is a negotiation.’
    • ‘She contacted her lender, which helped her avert foreclosure.’
    • ‘Unfortunately, lenders aren't always interested in the life circumstances that lead to foreclosure.’
    • ‘The narrator's professional involvement in foreclosures, which I call the outer story, suggests a reason for his refusal to work.’
    • ‘Loss of income is one of the main causes of foreclosure.’

Pronunciation

foreclosure

/fɔːˈkləʊʒə/