foreclosure
noun
fore·clo·sure (ˌ)fȯr-ˈklō-zhər 
: an act or instance of foreclosing
specifically : a legal proceeding that bars or extinguishes a mortgagor's right of redeeming a mortgaged estate
Example Sentences
Recent Examples on the Web The National Black Farmers Association is calling on fellow farmers and their supporters to join Boyd in his call for President Joe Biden to issue a farm foreclosure moratorium to save American Farmers. 
Melissa Noel, Essence, 10 Aug. 2022 Lawmakers unanimously agreed on an emergency bill to extend the city’s foreclosure moratorium, which was set to expire Thursday, to Sept. 30. Michael Brice-saddler, Washington Post, 28 June 2022 Among the defendants listed in the foreclosure were John Thomas, founder of Freedom Development Group, and 901 Center Street Holdings LLC. Gloria Casas, Chicago Tribune, 12 Aug. 2022 The matriarch of her family, Ranevskaya is faced with losing her beloved orchard in foreclosure and has to get her family out of debt. Jeryl Brunner, Forbes, 24 June 2022 Ramos’s bills focus on the in rem foreclosure process, which allows the city to pull a property out of its annual tax sale. Emily Opilo, Baltimore Sun, 21 Mar. 2022 Eviction and foreclosure moratoriums put in place during 2020 helped ease the financial strain on many households, but some haven’t been able to dig out yet, according to the Harvard study. Alicia Wallace, CNN, 22 June 2022 Um, that’s another firm based in Toronto and Skyland had bought the Hyatt out of foreclosure in 2012 and the Renaissance three years later. Laura Johnston, cleveland, 1 June 2022 Still, even at the end of April, dozens have not submitted the paperwork, leaving homeowners in limbo and on the verge of foreclosure. Jessica Boehm, The Arizona Republic, 25 Apr. 2022 See More
Melissa Noel, Essence, 10 Aug. 2022 Lawmakers unanimously agreed on an emergency bill to extend the city’s foreclosure moratorium, which was set to expire Thursday, to Sept. 30. Michael Brice-saddler, Washington Post, 28 June 2022 Among the defendants listed in the foreclosure were John Thomas, founder of Freedom Development Group, and 901 Center Street Holdings LLC. Gloria Casas, Chicago Tribune, 12 Aug. 2022 The matriarch of her family, Ranevskaya is faced with losing her beloved orchard in foreclosure and has to get her family out of debt. Jeryl Brunner, Forbes, 24 June 2022 Ramos’s bills focus on the in rem foreclosure process, which allows the city to pull a property out of its annual tax sale. Emily Opilo, Baltimore Sun, 21 Mar. 2022 Eviction and foreclosure moratoriums put in place during 2020 helped ease the financial strain on many households, but some haven’t been able to dig out yet, according to the Harvard study. Alicia Wallace, CNN, 22 June 2022 Um, that’s another firm based in Toronto and Skyland had bought the Hyatt out of foreclosure in 2012 and the Renaissance three years later. Laura Johnston, cleveland, 1 June 2022 Still, even at the end of April, dozens have not submitted the paperwork, leaving homeowners in limbo and on the verge of foreclosure. Jessica Boehm, The Arizona Republic, 25 Apr. 2022 See More Word History
First Known Use
1713, in the meaning defined above
Legal Definition
foreclosure
noun
fore·clos·ure fōr-ˈklō-zhər
1
: a legal proceeding that bars or extinguishes a mortgagor's equity of redemption in mortgaged real property see also deficiency judgment at judgment, redeem, right of redemption, statutory foreclosure, strict foreclosure sense 1
2
: the extinguishment (as under the provisions of Article 9 of the Uniform Commercial Code) of the rights of a debtor in personal property subject to a security interest by judicial proceedings and especially by judicial sale see also strict foreclosure sense 2