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Definitions from WordNet

Definitions from the Web

Foreclosure

Noun: 1. The action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.
Example sentence: The bank initiated foreclosure proceedings after the homeowner defaulted on their loan. Verb: 1. To take possession of a mortgaged property due to the mortgagor's inability to make timely mortgage payments.
Example sentence: The lender foreclosed the property after the borrower failed to meet their financial obligations. Adjective: 1. Pertaining to the process or state of a property being repossessed due to unpaid mortgage payments.
Example sentence: The real estate market was negatively impacted by the high number of foreclosure properties. Related Products on Amazon:

• Foreclosure Investing for Dummies
• Foreclosed Homes: Buying, Selling, and Financing
• Foreclosure Law Handbook: An Easy-to-Understand Guide