foreclosure

IPA: fɔrkɫˈoʊʒɝ

(law) The proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments.
(psychoanalysis) The absence of a symbolic father for a fatherless child, as a cause for psychosis.

Examples of "foreclosure" in Sentences

But the term foreclosure covers a very wide area with many sub-groups within it.
News of the foreclosure is the latest twist in the tale of Suleman and her children.
The average loan in foreclosure is 484 days delinquent, according to LPS Applied Analytics.
While laymen use the term foreclosure to mean a bank sale, the term refers to a credit-bid sale.
The only possible winner in a foreclosure is a cash-rich bargain hunter up homes at ultra-low prices and waiting to sell them when times improve.
The term foreclosure vulture clearly has negative connotations and generates a sense of foreboding, but not all who buy foreclosed properties have nefarious intent.
So while the short answer of whether you can vote if you're in foreclosure is yes, each state sets its own rules on when and whether you need to re-register your address.
Taylor and other consumer advocates have said the problem spans from the loan origination that inflated the housing bubble to the failure to modify mortgages after it burst, not simply when a foreclosure is already inevitable.