foreclosure Synonyms
No Synonyms and anytonyms found
foreclosure Meaning
foreclosure (n)
the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
foreclosure (n.)
The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.
foreclosure Sentence Examples
- The impending foreclosure threatened to cost the homeowner their dream home.
- The bank had begun the foreclosure process due to non-payment of the mortgage.
- The family was devastated when they received the notice of foreclosure.
- The foreclosure proceedings were halted temporarily after the homeowners filed for bankruptcy.
- The government implemented programs to help prevent foreclosures during the financial crisis.
- Many homeowners facing foreclosure turned to non-profit organizations for assistance.
- The foreclosure process can be lengthy and emotionally taxing.
- The homeowner's equity in their property was wiped out by the foreclosure.
- The foreclosure rate spiked significantly during the housing market downturn.
- The foreclosure crisis had a ripple effect on the economy, impacting businesses and neighborhoods.
FAQs About the word foreclosure
the legal proceedings initiated by a creditor to repossess the collateral for loan that is in defaultThe act or process of foreclosing; a proceeding which bars
No synonyms found.
No antonyms found.
The impending foreclosure threatened to cost the homeowner their dream home.
The bank had begun the foreclosure process due to non-payment of the mortgage.
The family was devastated when they received the notice of foreclosure.
The foreclosure proceedings were halted temporarily after the homeowners filed for bankruptcy.
