foreclosure

noun

fore·​clo·​sure (ˌ)fȯr-ˈklō-zhər How to pronounce foreclosure (audio)
: 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 No one else even bid on it, according to Paul Cooper of Alex Cooper Auctioneers, which oversaw the foreclosure auction. Zach Everson, Forbes, 10 Sep. 2024 Popular on Variety Earlier this year, Findley allegedly published a fraudulent foreclosure notice in local newspaper The Commercial Appeal advertising that Naussany would auction off Graceland to the highest bidder on May 23. Ellise Shafer, Variety, 16 Aug. 2024 Findley is also accused of publishing several fraudulent foreclosure notices in The Commercial Appeal, a Memphis newspaper, announcing Naussany Investments' plan to auction Graceland to the highest bidder on May 23. Alexander Mallin, ABC News, 16 Aug. 2024 The foreclosure notice ran in early July in the pages of the St. Paul Legal Ledger, not the typical nightly reading material for most tenants of downtown St. Paul’s Lowry Apartments. Frederick Melo, Twin Cities, 15 Aug. 2024 See all Example Sentences for foreclosure 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'foreclosure.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1713, in the meaning defined above

Time Traveler
The first known use of foreclosure was in 1713

Dictionary Entries Near foreclosure

Cite this Entry

“Foreclosure.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/foreclosure. Accessed 28 Sep. 2024.

Legal Definition

foreclosure

noun
fore·​clos·​ure fōr-ˈklō-zhər How to pronounce foreclosure (audio)
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

More from Merriam-Webster on foreclosure

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