Advertisement
Advertisement
foreclosure
[ fawr-kloh-zher, fohr- ]
foreclosure
- A proceeding in which the financer of a mortgage seeks to regain property because the borrower has defaulted on payments.
Other Word Forms
- t·ڴǰ·sܰ noun adjective
- ԴDzЭǰ·sܰ noun
Word History and Origins
Origin of foreclosure1
Example Sentences
In fact, about 25% of cancer patients either lose their homes to foreclosure or go bankrupt.
There’s another kind of mobility that comes about involuntarily — a result of foreclosure, eviction, or housing insecurity.
“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.
The suit alleges that the foreclosure “was part of a sham to defraud creditors” and did not disrupt business operations.
Under the plan, which must be approved by a state board, more than $100 million would be available in direct relief for people at risk of foreclosure.
Advertisement
Advertisement
Advertisement
Advertisement
Browse