Synonyms for

Foreclosure

Verb / fɔ:ˈrkləʊʒɜ: / Another word for foreclosure — explore alternatives below. For syllable breakdowns and pronunciation, see this word on Syllablesworld.

Definition

Foreclosure is the process by which a lender takes control of a property from a borrower who has not met their loan obligations.

Synonyms & similar words

repossession seizure confiscation takeover expropriation appropriation distraint detainer attachment enforcement forfeiture liquidation bankruptcy default debt lien mortgage security encumbrance charge

Synonyms by register

Formal

repossession confiscation seizure dispossession

Informal

taking back reclaiming

Antonyms

ownership possession retention occupancy holding occupying

Common collocations

  • foreclosure proceedings
  • foreclosure sale
  • foreclosure crisis
  • foreclosure notice
  • foreclosure law
  • foreclosure prevention
  • default on mortgage

Word family

noun foreclosure
verb foreclose

Usage note

Foreclosure specifically refers to the legal process by which a lender takes possession of a property due to the borrower's failure to make mortgage payments. It is a formal legal term.

Example sentences

  1. The foreclosure on our house made us lose everything we owned.
  2. The bank's foreclosure on the property was swift and efficient.
  3. The family was devastated by the news of the foreclosure.
  4. The foreclosure process can take months to complete.
  5. The foreclosure sale brought in less money than expected.

Quotes

  • Foreclosure is a nightmare to any family going through it, irrespective of the reasons behind it.
  • Foreclosure is a traumatic event, but it doesn't define you.
  • Foreclosure is not the end of the road. It's an opportunity to start over.

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