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
Recent Examples on the Web
Madison Equities, which has lost multiple downtown buildings to foreclosure, has stopped paying the utilities for the Alliance Bank Center, as well as maintenance and security.
—
Frederick Melo, Twin Cities, 2 Apr. 2025
Because the hotel at 170 South Market St. in downtown San Jose faces a possible foreclosure, the lodging property’s owner sought court rulings to ward off or slow down real estate proceedings over the delinquent loan.
—George Avalos, Mercury News, 26 Mar. 2025
By purchasing the loan, Blox became the lender and completed the foreclosure procedure.
—George Avalos, The Mercury News, 25 Mar. 2025
The falling property values that accompany foreclosures — and even weak leasing — have the potential to cut deeply into tax collections that fund city services and schools.
—Kenneth R. Gosselin, Hartford Courant, 24 Mar. 2025
See All Example Sentences for foreclosure
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Frederick Melo, Twin Cities, 2 Apr. 2025
Because the hotel at 170 South Market St. in downtown San Jose faces a possible foreclosure, the lodging property’s owner sought court rulings to ward off or slow down real estate proceedings over the delinquent loan.
—George Avalos, Mercury News, 26 Mar. 2025
By purchasing the loan, Blox became the lender and completed the foreclosure procedure.
—George Avalos, The Mercury News, 25 Mar. 2025
The falling property values that accompany foreclosures — and even weak leasing — have the potential to cut deeply into tax collections that fund city services and schools.
—Kenneth R. Gosselin, Hartford Courant, 24 Mar. 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 22 Apr. 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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