Foreclosure

ahd-5
  • noun. The act of foreclosing, especially a legal proceeding by which a mortgage is foreclosed.
  • The Century Dictionary and Cyclopedia
  • noun. The act of foreclosing; the act of depriving a mortgager of the right of redeeming his mortgaged estate.
  • the GNU version of the Collaborative International Dictionary of English
  • noun. The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.
  • Wiktionary, Creative Commons Attribution/Share-Alike License
  • noun. the proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments
  • WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
  • noun. the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
  • Word Usage
    "The average loan in foreclosure is 484 days delinquent, according to LPS Applied Analytics."
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