Foreclosed Meaning in English
word · lemma: foreclose
Definition
If a property is foreclosed, the bank or lender takes it back because the owner did not pay the mortgage. It usually means the home is taken away and sold to recover the loan.
Usage & Nuances
Used in legal and financial contexts, mostly for homes that are taken back by banks due to unpaid mortgages. Common collocations: 'foreclosed home,' 'foreclosed property.' Only applies to situations with mortgage default, not other evictions.
Example Sentences
The bank foreclosed on their house.
basic
Many homes were foreclosed during the financial crisis.
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His family lost their foreclosed home.
basic
They bought a foreclosed property for a much lower price.
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After losing his job, John struggled and eventually got foreclosed on.
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The neighborhood has several foreclosed houses up for sale.
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