foreclosure

noun

fore·clo·sure | \ (ˌ)fȯr-ˈklō-zhər

Definition of foreclosure

: 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 Harris asked the president to save his property from foreclosure—a request that Roosevelt granted. — Janine Latus, Smithsonian Magazine, 28 Feb. 2022 While millions of people across the country have been saved from foreclosure during the pandemic, experts don’t expect a surge of foreclosures after moratoriums end. — Dallas News, 3 Oct. 2021 Hollywood Forever, founded in 1899, was on the brink of foreclosure in 1998 before new ownership added author discussions, podcasts, outdoor movie screenings and a massive Dia de los Muertos celebration. — Karen Heller, Anchorage Daily News, 19 Apr. 2022 At the time of the foreclosure, Li owed the Acqua Vista Homeowners Association Inc. nearly $32,000, records show. — San Diego Union-Tribune, 10 Apr. 2022 The Treasurer's Office has a list of properties at risk of foreclosure. — Nushrat Rahman, Detroit Free Press, 21 Mar. 2022 The Journal Sentinel reported in February that 5xen is facing a foreclosure suit from its lender after a $20 million expansion plan failed to proceed. — Tom Daykin, Milwaukee Journal Sentinel, 13 Apr. 2022 Cleveland City Council Monday voted 16-0 in favor of a $12 million plan to pay off the mortgage of historic Shaker Square and avoid foreclosure of the financially troubled property. — cleveland, 12 Apr. 2022 Nevertheless, the January 2022 foreclosure rate was flat from December and is still the lowest recorded since at least 1999. — Brenda Richardson, Forbes, 12 Apr. 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'foreclosure.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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Dictionary Entries Near foreclosure

foreclose

foreclosure

foreconceive

Statistics for foreclosure

Last Updated

9 May 2022

Cite this Entry

“Foreclosure.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/foreclosure. Accessed 16 May. 2022.

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More Definitions for foreclosure

foreclosure

noun

fore·clos·ure | \ fōr-ˈklō-zhər

Legal Definition of foreclosure

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