foreclosure

(redirected from Foreclosures)
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 ?
While foreclosures are still a rare sight here as 39 homes were scheduled, Manhattan did make the news several times this summer due to big ticket auctions scheduled for two separate units at the luxurious One57.
Without a doubt, foreclosures have decreased since the seismic levels of the Great Recession.
New Jersey, Maryland and other states with higher-than-average foreclosure rates tend to have regulations that lengthen foreclosure timelines to the extent that many foreclosures were mortgages that went into distress in the last housing bust, he said.
The rate at which new foreclosures were started decreased to 0.36 percent, the lowest rate since 2003 and only one-fourth of the record-high level during the worst of the foreclosure crisis in the third quarter of 2009."
The number of foreclosures filed in November dropped to 545 compared to 666 in October, marking the third consecutive month that filings have decreased, the company said.
Not all advertised auctions result in a foreclosure, but they are an indicator of the number of people who will actually lose their homes in the coming months, a good sign that there will be fewer foreclosures this spring.
Schmit, Julie 2012 "Foreclosures Hit a Five-Year Low." USA Today, October 11.
10 July 2014 - California-based real estate information analytics and data-enabled services provider CoreLogic (NYSE: CLGX) has released its May National Foreclosure Report which provides data on completed US foreclosures and foreclosure inventory.
M2 EQUITYBITES-July 10, 2014--US completed foreclosures for May total 47,000
Recently, some judicial foredosure states have passed laws that attempt to "fast-track" foreclosures if the property has been abandoned by the homeowner, and others have begun considering similar fast-track laws.
Completed foreclosures across the country totaled 620,111 in 2013 compared to 820,498 in 2012, a decrease of 24 percent, according to CoreLogic's December National Foreclosure Report.
home foreclosures fell to the lowest level since before the 2008/09 mortgage meltdown, according to the latest figures from RealtyTrac, released Thursday.