Definition of "foreclosing" []

• Present participle of foreclose. (verb)

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• "Mr. Arnold said the company's role in foreclosing on a mortgage is unquestionable because every time a loan is registered with MERS, the borrower must sign a document saying the company assumes all rights and responsibilities on behalf of the creditor or lender."
• "Bair, one of the country's top banking regulators, said both the federal government and the financial industry should have questioned how it was possible that banks were cutting their costs in foreclosing on homes without running afoul of standards."
• "Fortunately, President Obama "pocket vetoed" the bill two days after the call to action, "foreclosing" the bill's chances of becoming law."