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foreclosure
🏚️
foreclosure
noun
/fɔːrˈkloʊʒər/
Meaning
The legal process by which a lender takes control of a property from a borrower who has failed to make payments.
Example Sentences
The family lost their home due to
foreclosure
after missing several mortgage payments.
Synonyms
repossession, seizure, forfeiture, confiscation
Antonyms
purchase, redemption
Collocations
foreclosure process, home foreclosure, foreclosure notice, avoid foreclosure
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