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
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In May 2024, the main lender BDT & MSD initiated foreclosure proceedings.
—
Zach Everson, Forbes, 10 Sep. 2024
An injunction was issued against the foreclosure later that month.
—Kerry Breen, CBS News, 16 Aug. 2024
Lowry Apartments in downtown St. Paul are in foreclosure.
—Kevin Cusick, Twin Cities, 16 Aug. 2024
And, like a home equity loan, your lender can force you into foreclosure for lack of payment.
—Kelsey Neubauer, CNBC, 29 Oct. 2024
See all Example Sentences for foreclosure 
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Zach Everson, Forbes, 10 Sep. 2024
An injunction was issued against the foreclosure later that month.
—Kerry Breen, CBS News, 16 Aug. 2024
Lowry Apartments in downtown St. Paul are in foreclosure.
—Kevin Cusick, Twin Cities, 16 Aug. 2024
And, like a home equity loan, your lender can force you into foreclosure for lack of payment.
—Kelsey Neubauer, CNBC, 29 Oct. 2024
See all Example Sentences for foreclosure
Dictionary Entries Near foreclosure
Cite this Entry
“Foreclosure.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/foreclosure. Accessed 24 Nov. 2024.
Copy CitationLegal 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
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