foreclosure

Definitions

  • WordNet 3.6
    • n foreclosure the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
    • ***
Webster's Revised Unabridged Dictionary
    • n Foreclosure The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.
    • ***
Century Dictionary and Cyclopedia
    • n foreclosure The act of foreclosing; the act of depriving a mortgager of the right of redeeming his mortgaged estate. Foreclosure, as commonly used in the United States, or, more fully, foreclosure and sale, is effected by causing a public sale of the mortgaged property, alter notice to all parties (either
    • ***
Chambers's Twentieth Century Dictionary
    • n Foreclosure a foreclosing:
    • n Foreclosure (law) the process by which a mortgager, failing to repay the money lent on the security of an estate, is compelled to forfeit his right to redeem the estate
    • ***

Etymology

Chambers's Twentieth Century Dictionary
O. Fr. forclos, pa.p. of forclore, to exclude—L. foris, outside, and claudĕre, clausum, to shut.

Usage

In literature:

A few foreclosures demoralized the county.
"O Pioneers!" by Willa Cather
Then when the notes are overdue you must begin suit in foreclosure.
"The Riverman" by Stewart Edward White
It's ten to one that when the note falls due the foreclosure will be leading the semiquavers by a couple of lengths.
"The Gentle Grafter" by O. Henry
A man might buy or accept them in foreclosure, but he had a long wait.
"The Financier" by Theodore Dreiser
Mortgagor's power of sale, 118. option to refuse foreclosure, X.
"The Oldest Code of Laws in the World The code of laws promulgated by Hammurabi, King of Babylon B.C. 2285-2242" by Hammurabi, King of Babylon
When time for foreclosure came three months ago Wayne Shandon would have been notified if he had been here.
"The Short Cut" by Jackson Gregory
Bond foreclosure suit for some fellows in the East that I sell stuff to.
"The Wit and Humor of America, Volume VII. (of X.)" by Various
I was only wishin' I could send word of it to Squire Blasdell, so he could call off the foreclosure.
"The Moving Picture Girls at Oak Farm" by Laura Lee Hope
The foreclosure of mortgages must be set aside and the people again given possession of their lands.
"Usury" by Calvin Elliott
Helen Armstrong knows nought of the mortgage; no more, of herself being the cause which keeps it from foreclosure.
"The Death Shot" by Mayne Reid
***

In news:

Foreclosure Review Is Free, But Few Borrowers Apply.
Foreclosure Influx Causes Backlog In Some States.
Murphy Was Sued For Nonpayment Of Rent In 2003, Prior To 2007 Foreclosure.
WASHINGTON — President Barack Obama has rejected a bill that the White House fears could have worsened the mounting problems caused by flawed or misleading documents used by banks in home foreclosures.
Hotel Foreclosures an Oncoming 'Train Wreck.
Steve Van sees trouble ahead with foreclosures in the hotel sector.
Foreclosures fall in most US cities.
We've learned the house is in foreclosure.
An e-mail warning Douglas County school officials of expected massive foreclosure evictions next month that could affect their students turned out to be an overstatement .
Some 40 percent of foreclosure-related evictions involve renters.
With housing prices dropping sharply, and foreclosure filings against more than 1 million properties in the first half of this year, the Obama administration is scrambling for ways to help homeowners.
So what happens when a home is stalled in the foreclosure process.
Foreclosure fair comes to Pilsen .
A national effort to stop the foreclosure crisis is coming to Chicago's Pilsen neighborhood this weekend.
With lightening speed, President Barack Obama has moved from stimulus package to a home foreclosure package, to working on the financial bailout package, and now to the budget.
***