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

Examples of foreclosure in a Sentence

Recent Examples on the Web

The second quarter’s new foreclosures equaled 13 for every 100,000 California borrowers. —Jonathan Lansner, Oc Register, 15 Aug. 2025

Normally, staff at the CFPB monitor the complaints to identify systemic issues and escalate complaints involving consumers who are at immediate risk of foreclosure, although that didn’t happen for a few weeks this year when the agency’s acting director halted its work. —Joel Jacobs, ProPublica, 6 Aug. 2025

The city acquired the properties through tax foreclosure. —Tom Daykin, jsonline.com, 29 July 2025

In some cases, fraudulent bankruptcy and probate filings were used to delay foreclosure auctions and maintain control over properties without homeowners' knowledge, according to the suit. —Catherine Reagor, AZCentral.com, 8 July 2025

Word History

First Known Use

1713, in the meaning defined above

Rhymes for foreclosure

• nondisclosure
• postexposure
• closure
• crozier
• hosier
• mosher
• composure
• cynosure
• disclosure
• enclosure
• exposure
• inclosure

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