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noun. ['fɔrˈkloʊʒɝ'] the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default.
- legal proceeding
Rhymes with Foreclosure
How do you spell foreclosure? Is it forclosure ?
A common misspelling of foreclosure is forclosure
Sentences with foreclosure
The money from a foreclosure sale pays off your debts in order of seniority.
2. Noun, singular or mass
Prepare to vacate the house as soon as your lender approves your deed in lieu of foreclosure.