Synonyms for
Foreclose
Definition
To take possession of a property because the owner has failed to pay back a loan.
Synonyms & similar words
Example sentences
- The bank will foreclose on the property if the payments are not made on time.
- The lender threatened to foreclose on the house if the borrower did not pay the overdue mortgage.
- The bank had to foreclose on the property because the borrower could not pay back the loan.
- The foreclosure process can take several months to complete.
- The homeowner tried to avoid foreclosure by negotiating with the bank.
Quotes
If you don't pay your mortgage, the bank can foreclose on your home.
Foreclosure can be a painful and stressful experience for homeowners.
The threat of foreclosure can be a powerful tool for lenders to ensure borrowers make their payments.