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{%type%} Definitions

WordNet 3.0Copyright Princeton University


Short "hint"

The process of ending a mortgage and taking away the mortgaged property.

Usage examples (38)
  • They were surprised to receive a foreclosure notice when they knew they had made every payment on time.
  • But the term foreclosure covers a very wide area with many sub-groups within it.
  • The average loan in foreclosure is 484 days delinquent, according to LPS Applied Analytics.
  • While laymen use the term foreclosure to mean a bank sale, the term refers to a credit-bid sale. for more
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