Pronunciation: /fɔːrˈkloʊz/
verb to take possession of a property from a borrower in default of mortgage payments
A1 The bank may foreclose on your home if you do not make your mortgage payments.
A2 If you continue to miss payments, the lender has the right to foreclose on the property.
B1 Foreclosing on a property can be a lengthy and complex legal process.
B2 The bank will usually send a notice of intent to foreclose before taking legal action.
C1 Investors often buy foreclosed properties at auction for below market value.
C2 The foreclosure process can vary depending on the state laws and regulations in place.
formal The bank may foreclose on the property if the mortgage payments are not made.
informal If you don't pay your mortgage, the bank can foreclose on your house.
slang Dude, if you keep missing payments, the bank is gonna foreclose on your place.
figurative Failure to address the issue promptly may foreclose any chance of reaching a resolution.
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