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Foreclosure Meaning in English

word

Definition

Foreclosure is a legal process in which a lender takes back a property when the owner cannot pay their mortgage.

Usage & Nuances

Primarily used in banking, real estate, and legal contexts. Common collocations: 'face foreclosure', 'go into foreclosure', 'avoid foreclosure'. Refers almost always to property loss due to unpaid mortgage, and is rarely used outside of real estate.

Example Sentences

The family lost their house to foreclosure.

basic

He is trying to stop the foreclosure on his home.

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Many people suffered from foreclosure during the recession.

basic

After months of missed payments, the bank started foreclosure proceedings.

natural

They managed to avoid foreclosure by refinancing their mortgage just in time.

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The neighborhood has several homes up for foreclosure auctions next month.

natural