foreclosure

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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 ?
A blend of informal learning, essentially self-instruction, can work best when formal training and instruction forecloses non-sensical or careless options, as with school efforts to instruct students in human nature and human interdependence.
How much income does a taxpayer realize if he or she is insolvent and a creditor forecloses on property secured by recourse debt?