foreclosure


Also found in: Dictionary, Thesaurus, Legal, Financial, Acronyms, 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 ?
However, the judge in the foreclosure case ruled that U.S.
Nassau County's pending foreclosure cases have dropped by 70 percent since 2015, falling from 11,766 in 2015 to 3,579 in July 2018.
ATTOM's year-end foreclosure report provides a unique count of properties with a foreclosure filing during the year based on publicly recorded and published foreclosure filings collected in more than 2,500 counties nationwide, with address-level data on more than 23 million foreclosure filings historically also available for license or customized reporting.
ATTOM's 2018 foreclosure report shows a 78 percent decrease in national foreclosure filings last year compared with 2010.
For example, the Panel Study of Income Dynamics shows that -- all else being equal -- foreclosure risk doubles after a family sends a child to college.
Foreclosed homes in the Bronx reached record levels in Q3, up a striking 145 percent year-over-year with 247 homes scheduled for foreclosure.
It should be noted, while the lenders are held to this standard by the federal government, it is at the judge's discretion whether to discontinue the foreclosure proceedings upon request by the lender.
The investor share of purchases at foreclosure auctions reached 20% or higher in only two previous years: 2005 (20%) and 2015 (22%).
MBA also reported that the percentage of loans where foreclosure had been started during the fourth quarter was down 10 basis points from the fourth quarter of 2014 and down 2 basis points from the third quarter of 2015.
Overall, foreclosure filings in the 24 counties monitored by Gorilla Capital are 29 percent ahead of where they were in the first 11 months of 2014.
The same pattern holds for foreclosure auction notices, which rebounded after plummeting 60 percent from last year to 100.
Approximately four million American homeowners experienced foreclosure between 2007 and 2012 (Schwartz and Dewan 2012).