foreclosure
noun
fore·clo·sure
(ˌ)fȯr-ˈklō-zhər 
: an act or instance of foreclosing
specifically
: a legal proceeding that bars or extinguishes a mortgagor's right of redeeming a mortgaged estate
Examples of foreclosure in a Sentence
Recent Examples on the Web
After a foreclosure, who must pay the property taxes on a home?
—
Austin Corona, The Arizona Republic, 3 Jan. 2025
Fortress was a creditor of Curzon’s previous owner Landmark Theatres and acquired the arthouse theater chain, distributor and Curzon Home Cinema streamer at a foreclosure auction with a bid of $5 million.
Nov. 11 – Management buyout of Endeavor’s OpenBet and IMG Arena for $450 million.
—Jill Goldsmith, Deadline, 26 Dec. 2024
News of the auction came after Kroy claimed Kim was refusing offers on their home despite the property being at risk of foreclosure, according to documents obtained by PEOPLE in September.
—Natalia Senanayake, People.com, 26 Dec. 2024
Mortgage rates run just above the national average, at 6.9%, most likely because of recent foreclosures happening in the state, according to MorgageRates.com.
—Anne Marie Lee, CBS News, 20 Dec. 2024
See all Example Sentences for foreclosure 
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Austin Corona, The Arizona Republic, 3 Jan. 2025
Fortress was a creditor of Curzon’s previous owner Landmark Theatres and acquired the arthouse theater chain, distributor and Curzon Home Cinema streamer at a foreclosure auction with a bid of $5 million.
Nov. 11 – Management buyout of Endeavor’s OpenBet and IMG Arena for $450 million.
—Jill Goldsmith, Deadline, 26 Dec. 2024
News of the auction came after Kroy claimed Kim was refusing offers on their home despite the property being at risk of foreclosure, according to documents obtained by PEOPLE in September.
—Natalia Senanayake, People.com, 26 Dec. 2024
Mortgage rates run just above the national average, at 6.9%, most likely because of recent foreclosures happening in the state, according to MorgageRates.com.
—Anne Marie Lee, CBS News, 20 Dec. 2024
See all Example Sentences for foreclosure
Dictionary Entries Near foreclosure
Cite this Entry
“Foreclosure.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/foreclosure. Accessed 18 Jan. 2025.
Copy CitationLegal Definition
foreclosure
noun
fore·clos·ure
fōr-ˈklō-zhər
1
: a legal proceeding that bars or extinguishes a mortgagor's equity of redemption in mortgaged real property see also deficiency judgment at judgment, redeem, right of redemption, statutory foreclosure, strict foreclosure sense 1
2
: the extinguishment (as under the provisions of Article 9 of the Uniform Commercial Code) of the rights of a debtor in personal property subject to a security interest by judicial proceedings and especially by judicial sale see also strict foreclosure sense 2
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