Foreclose

C1 16+

Pronunciation: /fɔːrˈkloʊz/

Definitions of foreclose

verb to take possession of a property from a borrower in default of mortgage payments

Example Sentences

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.

Examples of foreclose in a Sentence

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.

Grammatical Forms of foreclose

past tense

foreclosed

plural

foreclosures

comparative

more foreclosed

superlative

most foreclosed

present tense

forecloses

future tense

will foreclose

perfect tense

has foreclosed

continuous tense

is foreclosing

singular

foreclose

positive degree

foreclose

infinitive

to foreclose

gerund

foreclosing

participle

foreclosed

Origin and Evolution of foreclose

First Known Use: 1601 year
Language of Origin: Old French
Story behind the word: The word 'foreclose' originated from the Old French word 'forclos', which meant to exclude or shut out.
Evolution of the word: Over time, the meaning of 'foreclose' evolved to refer specifically to the legal process of seizing property due to non-payment of a mortgage or loan, shifting away from its original meaning of exclusion.