foreclosure
noun
fore·clo·sure
(ˌ)fȯr-ˈklō-zhər 
: an act or instance of foreclosing
specifically
: a legal proceeding that bars or extinguishes a mortgagor's right of redeeming a mortgaged estate
Examples of foreclosure in a Sentence
Recent Examples on the Web
The foreclosure intervention housing preservation program was launched as a way to prevent displacement of renters.
—
Mackenzie Mays, Los Angeles Times, 18 Apr. 2024
Detroit saw a drop in tax foreclosures of owner occupied homes from 4,984 in 2014 to 421 in 2022, the report found.
—Nushrat Rahman, Detroit Free Press, 17 Apr. 2024
See all Example Sentences for foreclosure 
Mackenzie Mays, Los Angeles Times, 18 Apr. 2024
Detroit saw a drop in tax foreclosures of owner occupied homes from 4,984 in 2014 to 421 in 2022, the report found.
—Nushrat Rahman, Detroit Free Press, 17 Apr. 2024
See all Example Sentences for foreclosure
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'foreclosure.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Foreclosure.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/foreclosure. Accessed 3 May. 2024.
Copy CitationLegal Definition
foreclosure
noun
fore·clos·ure
fōr-ˈklō-zhər
1
: a legal proceeding that bars or extinguishes a mortgagor's equity of redemption in mortgaged real property see also deficiency judgment at judgment, redeem, right of redemption, statutory foreclosure, strict foreclosure sense 1
2
: the extinguishment (as under the provisions of Article 9 of the Uniform Commercial Code) of the rights of a debtor in personal property subject to a security interest by judicial proceedings and especially by judicial sale see also strict foreclosure sense 2
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