foreclose
word
Definition
To legally take ownership of a property, usually a house, because the owner has not paid the mortgage.
Usage & Nuances
Formal, legal and financial term. Commonly used with 'foreclose on (a property)'. Usually refers to banks taking homes due to unpaid mortgages. Not used for ordinary property sales or rental evictions.
Spanish: ejecutar la hipoteca - embargar (casa por impago)Portuguese (BR): executar a hipoteca - tomar posse (de imóvel por inadimplência)Portuguese (PT): executar a hipoteca - tomar posse (de imóvel por incumprimento)Chinese (Simplified): 取消抵押品赎回权 - 收回房产（因未还贷款）Chinese (Traditional): 取消抵押品贖回權 - 收回房產（因未還貸款）Hindi: जप्त करना (ऋण न चुकाने पर संपत्ति लेना)Arabic: حجز الرهن - مصادرة (منزل لعدم السداد)
Example Sentences
The bank will foreclose if the mortgage is not paid.
basic
They lost their house after the bank foreclosed.
basic
The company wants to foreclose on the property next month.
basic
If you keep missing payments, the lender might foreclose on your home.
natural
After several warnings, the bank finally decided to foreclose.
natural
She tried everything she could, but they still foreclosed on her condo.
natural