foreclosure

(redirected from foreclosing)
Also found in: Dictionary, Thesaurus, Legal, Financial.

foreclosure

The depriving of the right to a property by legal transfer of title, esp. because of failure to maintain mortgage payments.
References in periodicals archive ?
Banks had to pay a penalty of USD110bn after the financial crisis for improperly handling mortgage agreements and prematurely or wrongly foreclosing homes around the country.
Foreclosing on the complex would allow CW Capital and the bondholders of the senior mortgage, which itself has been diced up into various positions of seniority, to capture what value remains for themselves.
In some cases, the communication structure is so broken that even while one arm of a company is foreclosing on a borrower, another is still offering that same borrower a loan modification.
The teaching function may be largely a matter of foreclosing the acquisition of inaccurate and dysfunctional beliefs.
After a long series of negotiations and lawsuits, the district is now trying to recover its deposit plus interest - approximately $70 million - by foreclosing on the property.
Assembly Bill 1745 (Torres, D-Pomona) prevents lenders or servicers that have agreed to a "short sale" from foreclosing on a home.
A decision of the Larnaca district court banning banks from foreclosing collateralised properties for which courts gave the green light before the new foreclosure law came in effect last year, is upsetting the banks' plans to tackle non-performing loans.
Under the city's Vacant and Foreclosing Property Ordinance, the owner of a vacant and foreclosed property is required to register it with the city and post a $5,000 bond.
The Act forbids foreclosing on active-duty military members and caps interest rates on their loans.