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to foreclose

to foreclose

47 8.1
To take a home by law when the owner stops paying the mortgage
  • verb
  • /fɔrˈkloʊz/
  • Specialized
translation icon : ejecutar la hipoteca
  • And so the bank that did the loan for him foreclosed on this person.
  • foreclosed property
  • banks foreclose
  • foreclose on a loan

The banks going to foreclose on my little ranch.

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Examples

  • You've got to make a payment to the bank, otherwise they're gonna foreclose.

  • Their home is about to be foreclosed on and I need to make a payment.

  • Tell me, did you foreclose on many families this week?

  • No bank's gonna foreclose until Monday.

  • The banks going to foreclose on my little ranch.

  • Their intention, according to records and emails, was to call the note and foreclose on the building.

    Academic text (2011)
  • We're foreclosing on your house.

  • Now the bank is threatening to foreclose on his apartment building," Beau said.

    Fiction book (1995)
  • Homeowners are being foreclosed on all the time because they can't pay their mortgage.

    Blog text (9)
  • Unfortunately, he got so deeply in debt that the bank foreclosed on the store.

Synonyms

to repossess
vsto foreclose
  • Specialized
26 5.8

To take back a house or car when someone stops paying

use a legal process that ends the borrower's right to reclaim the property

Antonyms

236 3.4

To keep having something such as a job or possession

to redeem
  • Specialized
14 5.4

Pay off a debt or buy back something by making a payment

Surface Forms

foreclose infinitive
foreclosed past
foreclosed past participle
foreclosing present participle
forecloses third person singular

Morphology

foreclose = close (semi-transparent) = fore + close

The components 'fore-' + 'close' are recognizable, but the specific legal sense (seizing a mortgaged property and ending redemption rights) involves technical legal extension not directly inferable by learners.

Etymology

The legal sense of foreclose uses the same image: fore- 'before' plus close 'shut' gives the idea of 'shutting out' someone's right. That's why when a bank forecloses, it shuts out the borrower's right to the home and takes the property.