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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Waves of slumping values, loan delinquencies, and foreclosures have haunted hotels, office buildings, apartment complexes, and even vacant land throughout the Bay Area, including Santa Clara County.
—
George Avalos, Mercury News, 7 July 2025
Cape Coral was at the center of the 2008 bursting of the U.S. housing market's bubble, with a speculative mania taking over the city in the years leading to the crisis, and is still Florida's foreclosure capital.
—Giulia Carbonaro, MSNBC Newsweek, 7 July 2025
Many never recovered from a cataclysmic event such as a foreclosure that left them in a vicious cycle where bad credit scores (among many factors) kept them from accessing the economic necessities needed to rebuild.
—Chi Chi Wu, Chicago Tribune, 3 July 2025
The receiver, Prodigy Properties, took control of the building after a February 2024 foreclosure filing against the owner, Tom Neyer of Neyer Holdings Corp., for defaulting on the bank loan used to finance redevelopment of the property.
—Randy Tucker, The Enquirer, 3 July 2025
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George Avalos, Mercury News, 7 July 2025
Cape Coral was at the center of the 2008 bursting of the U.S. housing market's bubble, with a speculative mania taking over the city in the years leading to the crisis, and is still Florida's foreclosure capital.
—Giulia Carbonaro, MSNBC Newsweek, 7 July 2025
Many never recovered from a cataclysmic event such as a foreclosure that left them in a vicious cycle where bad credit scores (among many factors) kept them from accessing the economic necessities needed to rebuild.
—Chi Chi Wu, Chicago Tribune, 3 July 2025
The receiver, Prodigy Properties, took control of the building after a February 2024 foreclosure filing against the owner, Tom Neyer of Neyer Holdings Corp., for defaulting on the bank loan used to finance redevelopment of the property.
—Randy Tucker, The Enquirer, 3 July 2025
See All Example Sentences for foreclosure
Cite this Entry
“Foreclosure.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/foreclosure. Accessed 18 Jul. 2025.
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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