foreclose

IPA: fɔrkɫˈoʊz

(transitive, law) To repossess a mortgaged property whose owner has failed to make the necessary payments; used with on.
(transitive, law) To cut off (a mortgager) by a judgment of court from the power of redeeming the mortgaged premises.
(transitive, originally) To shut up or out; to prevent from doing something.

Examples of "foreclose" in Sentences

A horse is a sentient being, not a home on which you can "foreclose" if the economy plunges.
The Obama administration will not "foreclose" the idea of introducing a second stimulus package should the first one prove ineffective.
"They granted you a mortgage, and that's recorded in the land records, and the company that has the mortgage and can foreclose is MERS."
Meanwhile, the lender doesn't have to foreclose, which is costly and usually results in a vacant home they have to maintain until they can sell.
Town Counsel Gerald Moody said the town could then foreclose, which is uncommon because people will usually find the money to keep their homes and property.
We also believe that Fannie should have guidelines allowing servicers to proceed on a foreclosure only when its legal entitlement to foreclose is clearly documented.
Trouble was, Glimcher couldn't force Capco to foreclose, meaning that walking away would have sacrificed an asset while leaving $42 million of debt on Glimcher's books.
Scalia didn't seek to "foreclose" the "legislative opportunity" of anyone, but to not to have SCOTUS interfere with constitutional choice made directly by the people of Colorado.
Being a victim of Western literature, one knew that banks were bad, or could be bad, especially when they did something nasty called 'foreclose' on a ranch or a farm or some other rural property in Tennessee or Nebraska.