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forecloselate 13c., from Old French forclos, past participle of forclore "exclude, shut out; shun; drive away" (12c.), from fors "out" (Modern French hors; from Latin foris "outside;&q [..]
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foreclosev. To bar by judicial proceedings the equitable right of a mortgagor to redeem property.
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foreclose[Anglo-French forclos, past participle of foreclore to preclude, prevent, from fors outside + clore to close] vt : to subject to foreclosure proceedings vi : to foreclose a mortgage or other ...
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forecloseThe legal process by which an owner’s right to a property is terminated, usually because of failure to make loan payments as agreed. Foreclosure typically involves a forced sale of the property at pub [..]
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forecloseTo take possession of a mortgaged property as a result of the borrower's failure to make mortgage payments.
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foreclose(v) keep from happening or arising; make impossible(v) subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage
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forecloseTo put an end to. A legal term, meaning to close before the time specified; e.g. suppose I held the mortgage of a man called A, and A fails to fulfil his part of the agreement, I can insist upon the m [..]
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