foreclose foreclose  /fɔr ˈkloʊz/

Definition(s):

  1. (v) keep from happening or arising; make impossible
  2. (v) subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage

Synonym(s)

Usage(s):

  1. HOLC had foreclosed on less than 200,000 loans, most of them from 1937 to 1940.
  2. The easiest, yet least lucrative, way to invest in foreclosed homes is to buy one after it has been repossessed by the bank.
  3. Las Vegasarea real estate agent Brooke Boemio tours an abandoned bank-foreclosed home.

News

  • Protect this house

    Toby and Donna built their Meridian Township home 25 years ago where they raised three daughters. More recently, they enjoyed having their grandkids visit. But in 2011, even after making every payment on a mortgage modification, Bank of America tried to foreclose on them and sell their house.
    on June 5, 2013     Source: City Pulse

Quotes

  1. "In his entire speech yesterday he offered not one policy, not one idea, not one bit of relief for the nearly thirty five thousand North Carolinians who were forced to foreclose on their dream in the last few months," Obama said. "Not one...
    on Mar 26, 2008 By: Barack Obama Source: CBS News

  2. "Upholding the law against a broad based challenge does not foreclose a litigant's success in a narrower one," the chief justice said.
    on Jun 24, 2010 By: John Roberts Source: The Associated Press

  3. "In disapproving an exclusive machine-or-transformation test, we by no means foreclose the Federal Circuit's development of other limiting criteria that further the purpose of the Patent Act," Kennedy said.
    on Jun 28, 2010 By: Anthony Kennedy Source: The Associated Press

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