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Definition of "foreclose" []

  • To deprive (a mortgagor) of the right to redeem mortgaged property, as when payments have not been made. (verb-transitive)
  • To bar an equity or a right to redeem (a mortgage). (verb-transitive)
  • To exclude or rule out; bar. (verb-transitive)
  • To settle or resolve beforehand. (verb-transitive)
  • To bar an equity or a right to redeem a mortgage. (verb-intransitive)
  • To deprive (a mortgagor, etc) of the right to redeem (a mortgage or pledge) (verb)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

  • To shut out; bar (verb)
  • To prevent or hinder (verb)
  • To answer or settle (an obligation, promise, etc) in advance (verb)
  • To make an exclusive claim to (verb)

www.Collinsdictionary.com (c) HarperCollins Publishers Ltd 2016

Use "foreclose" in a sentence
  • ""They granted you a mortgage, and that's recorded in the land records, and the company that has the mortgage and can foreclose is MERS.""
  • "We also believe that Fannie should have guidelines allowing servicers to proceed on a foreclosure only when its legal entitlement to foreclose is clearly documented."
  • "Meanwhile, the lender doesn't have to foreclose, which is costly and usually results in a vacant home they have to maintain until they can sell."