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foreclosure

American  
[fawr-kloh-zher, fohr-] / fɔrˈkloʊ ʒər, foʊr- /

noun

Law.
  1. the act of foreclosing a mortgage or pledge.


foreclosure Cultural  
  1. A proceeding in which the financer of a mortgage seeks to regain property because the borrower has defaulted on payments.


Other Word Forms

Etymology

Origin of foreclosure

First recorded in 1720–30; foreclose + -ure

Explanation

When a homeowner can't afford to pay her mortgage, she might face foreclosure, which is when a bank repossesses a borrower's house. A bank most often starts foreclosure proceedings against someone who's taken out a loan to buy a house when that person stops making monthly payments. The agreement a borrower makes when she gets a bank mortgage is that she'll pay a certain amount of money every month, and failing to do it means risking foreclosure. The word foreclosure comes from the Latin words fors, "out," and clore "to shut."

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Vocabulary lists containing foreclosure

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Arnold Schwarzenegger and Oakland Mayor Ron Dellums, Steyer and Taylor pledged $1 million in loans to support vulnerable people in Oakland facing foreclosure in the wake of the subprime mortgage crisis.

From Los Angeles Times • May 6, 2026

In 2007, rumors of foreclosure against the estate began circulating, but Jackson’s team remained adamant that it was just a refinancing incident.

From MarketWatch • May 5, 2026

Homes with foreclosure filings jumped 26% in the first quarter, reflecting in part rising property taxes and insurance premiums that hit homeowners.

From The Wall Street Journal • May 3, 2026

U.S. foreclosure filings hit a six-year high in the first quarter.

From The Wall Street Journal • May 2, 2026

“Umm...right, so the house went into foreclosure in 2009. That’s a year before he was spotted panhandling in the city.”

From "Odd One Out" by Nic Stone

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