Foreclose on Meaning in English

expression

US

fɔɹˈkɫoʊz/ /ˈɑn/, /ˈɔn

for-KLOHZ on

UK

fɔːklˈəʊz/ /ˈɒn

fawk-LOHZ on

Definition

To take possession of someone's property, usually a house, because they failed to make required mortgage payments.

Usage & Nuances

Formal, legal/financial term used mainly regarding mortgages. Usually in passive constructions ("the bank foreclosed on the property"). Common collocation: "foreclose on a mortgage/home/property". Not to be confused with "evict", which is more general.

• Spanish: ejecutar la hipoteca de - embargar (por hipoteca)
• Portuguese (BR): tomar posse (por hipoteca) - executar a hipoteca de
• Portuguese (PT): tomar posse (por hipoteca) - executar a hipoteca de
• Chinese (Simplified): 收回抵押品 - 法拍（房产）
• Chinese (Traditional): 收回抵押品 - 法拍（房產）
• Hindi: गिरवी संपत्ति को जब्त करना
• Arabic: الحجز على (منزل بسبب عدم السداد)
• Bengali: জরিমানাস্বরূপ অধিকার গ্রহণ করা - ফোরক্লোজ করা
• Russian: взыскать имущество - обратить взыскание на - забрать недвижимость (по ипотеке)
• Japanese: 差し押さえる（住宅など）
• Vietnamese: tịch thu tài sản (do không trả thế chấp)
• Korean: 담보권을 행사하다 - 압류하다 (부동산에 대해)
• Turkish: haciz yoluyla el koymak - ipotekli taşınmaza el koymak
• Urdu: قبضہ کرنا (گروی جائیداد پر)
• Indonesian: menyita (karena tidak membayar hipotek)

Example Sentences

If you stop paying your mortgage, the bank may foreclose on your house.

basic

The bank decided to foreclose on the property after several missed payments.

basic

They lost their home when the lender foreclosed on it.

basic

After losing his job, Tom was afraid the bank would foreclose on his apartment.

natural

Banks don't want to foreclose on properties—they prefer owners to pay their loans.

natural

The couple moved out weeks before the bank could officially foreclose on their house.

natural