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foreclosure
[ fawr-kloh-zher, fohr- ]
foreclosure
- A proceeding in which the financer of a mortgage seeks to regain property because the borrower has defaulted on payments.
Other ˜yÐÄvlog Forms
- ²¹²Ôt¾±Â·´Ú´Ç°ù±ð·³¦±ô´Çs³Ü°ù±ð noun adjective
- ²Ô´Ç²Ôî€Ð´Ç°ù±ð·³¦±ô´Çs³Ü°ù±ð noun
˜yÐÄvlog History and Origins
Origin of foreclosure1
Example Sentences
There’s another kind of mobility that comes about involuntarily — a result of foreclosure, eviction, or housing insecurity.
“The home can be repossessed if the person falls behind, and that's usually a quicker process than in default and foreclosure,†Rachel Siegel, a senior officer with Pew Charitable Trusts’ housing policy initiative, told Salon.
The suit alleges that the foreclosure “was part of a sham to defraud creditors†and did not disrupt business operations.
Under the plan, which must be approved by a state board, more than $100 million would be available in direct relief for people at risk of foreclosure.
In “The Goonies,†one of his earliest acting credits, a 13-year-old Quan portrayed the crafty Data who helps his friends locate a hidden pirate treasure and save their neighborhood from foreclosure.
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