Definitions of "foreclosure"
  1. The legal process which prevents or eliminates a borrower's right to reclaim mortgaged real estate
  2. The process where a debtor's rights in personal property secured by a loan are terminated, typically through legal procedures and particularly by sale ordered by a court
How to use "foreclosure" in a sentence
  1. After missing several payments, the bank initiated foreclosure on the family's home.
  2. Foreclosure proceedings can be lengthy and often leave the debtor with no options to reclaim their property.
  3. Despite their best efforts to catch up on their loan payments, the couple faced foreclosure of their beloved home.

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