(redirected from Forclosure)
Also found in: Dictionary, Legal, Financial, Encyclopedia, Wikipedia.
Related to Forclosure: Judicial foreclosure
  • noun

Words related to foreclosure

the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default

References in periodicals archive ?
More than 23,000 Oregonians who lost their homes to forclosure may each be eligible for payments of $840 or more under a national mortgage foreclosure settlement, state Attorney General Ellen Rosenblum announced Monday.
Florida's court funding is also heavily dependent on forclosure filing fees.
Maryland Bank and Trust Company, evidence showed that, upon a forclosure, the bank had held title for three years before the government cleaned up the site and sought to recover its costs.
attorney) commence a tax lien forclosure proceeding under IRC Section 7403.
The old Warren & Bidwell company was in financial straights and was to fall under the gavel at a government forclosure sale.