foreclosure

(redirected from foreclose)
Also found in: Dictionary, Thesaurus, Legal, Financial, Idioms, Wikipedia.

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 ?
The issue before the Supreme Court was whether Metrobank could foreclose the mortgage without first getting court approval.
Bank of America and Bancorp, acting as proxies for the special servicer CW Capital, which itself has begun proceedings to foreclose on the property, charge in their lawsuit that Pershing and Winthrop must pay down the property's over $3 billion in senior debt in order to take control according to an inter-creditor agreement that dictates the actions the property's legion of lenders can take.
An effective strategy for caring and responsible adults whose infants are predisposed to fearfulness and who wish to foreclose the possibility of such children (Kagan, Resnick & Snidman, 1988) learning chronic withdrawal, is to reward them for accepting challenge and permitting adjustment and desensitization to mild fear (Kagan, 1994).
Costas Melas, who heads a group representing borrowers, said on Tuesday that banks could still foreclose properties based on existing orders, issued before the new, unpopular law came into effect.
The law would require lenders to determine if it would cost less to modify a loan rather than foreclose, and to tell borrowers of their right to ask for changes to their loans.
According to CBS affiliate WINK-TV, Bank of America spent five months ignoring a Collier County judge's orders to pay the legal expenses incurred by Golden Gate Estates homeowners Maureen and Warren Nygerges, when it wrongly tried to foreclose on them almost two years ago.
The Mountains Recreation and Conservation Authority, an arm of the Santa Monica Mountains Conservancy, was given the ridge-top land in 1995 to preserve for hiking, riding and biking trails, but a Delaware investment firm holds a lien on the acreage and is seeking to foreclose.
Bank of Cyprus, the island's largest lender, said that it will foreclose tenproperties worth over e1/42.
lender to halt foreclosures as a result of admitted robotic signings on legal paperwork needed to foreclose homes and other properties that may not live up to legal requirements to foreclose properties.
BancorpSouth was trying to foreclose on the properties in southwest Little Rock that secured Dreamland's loans.
These institutions--despite all the various government programs and private promises--are continuing to foreclose at a voracious rate.
the lender must resort to this Code to foreclose upon that collateral.