foreclosure
IPA: fɔrkɫˈoʊʒɝ
noun
- (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.
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Examples of "foreclosure" in Sentences
- The foreclosure notice is the margin call.
- The restaurant was then forced to foreclosure.
- The individual foreclosures need to be expanded.
- Its purpose was to refinance homes to prevent foreclosure.
- Foreclosures on the housing side are hitting the credit side.
- The lawsuit concludes with a foreclosure the lis pendens ends.
- Foreclosure is done by the order of the court, not by any person.
- In 1946, the city took control over the property in a tax foreclosure sale.
- The main cause of foreclosure is that the loan amount exceeds the market value.
- Leading self help system designed to educate homeowners on how to challenge foreclosures for improper mortgage securitization flaws.