foreclose a mortgage
31Mortgage Short Sale — The sale of a property by a financially distressed borrower for less than the outstanding mortgage balance due where the proceeds from the sale will be used to repay the lender. The lender then accepts the less than full repayment of the mortgage …
32foreclose — fore|close [fo:ˈkləuz US fo:rˈklouz] v [I ] technical [Date: 1200 1300; : Old French; Origin: forclos, past participle of forclore, from fors outside + clore to close ] if a bank forecloses, it takes away someone s property because they have… …
33Mortgage Forbearance Agreement — An agreement made between a mortgage lender and delinquent borrower in which the lender agrees not to exercise its legal right to foreclose on a mortgage and the borrower agrees to a mortgage plan that will, over a certain time period, bring the… …
34foreclose — fore|close [ fɔr klouz ] verb intransitive LEGAL to take someone s property because they failed to pay back the money they borrowed to buy it: The bank was threatening to foreclose on his mortgage. ╾ fore|clo|sure noun count or uncount …
35foreclose — verb /ˌfɔrˈkloʊz/ a) to repossess a mortgaged property whose owner has failed to make the necessary payments They have to move out of their house because the bank foreclosed on their mortgage. b) to prevent from doing something …
36foreclose — I (New American Roget s College Thesaurus) v. dispossess, evict. See ejection. II (Roget s IV) v. 1. [To exclude] Syn. shut out, exclude, preclude, deprive; see bar 1 , 2 . 2. [To take away the right to redeem a mortgage] Syn. dispossess,… …
37foreclose — [[t]fɔː(r)klo͟ʊz[/t]] forecloses, foreclosing, foreclosed VERB If the person or organization that lent someone money forecloses, they take possession of a property that was bought with the borrowed money, for example because regular repayments… …
38foreclose — verb 1》 take possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments. 2》 rule out or prevent. Derivatives foreclosure noun Origin ME (orig. in the sense bar from escaping, shut out ): from OFr. forclos,… …
39foreclose — v. a. 1. Preclude, prevent, stop, debar, hinder, shut out. 2. (Law.) Deprive of the power of redeeming (a mortgage) …
40foreclose — v.tr. 1 (also absol.; foll. by on) stop (a mortgage) from being redeemable or (a mortgager) from redeeming, esp. as a result of defaults in payment. 2 exclude, prevent. 3 shut out; bar. Derivatives: foreclosure n. Etymology: ME f. OF forclos past …
