foreclosed Definition
take possession of a mortgaged property as a result of the mortgagor's failure to keep up their mortgage payments.
Using foreclosed: Examples
Take a moment to familiarize yourself with how "foreclosed" can be used in various situations through the following examples!
Example
The bank foreclosed on their house after they missed several mortgage payments.
Example
The property was foreclosed and sold at auction.
Example
The family was forced to leave their home after it was foreclosed.
foreclosed Synonyms and Antonyms
Synonyms for foreclosed
Summary: foreclosed in Brief
'Foreclosed' [fɔːˈkləʊzd] is a verb that means to take possession of a mortgaged property due to the mortgagor's inability to keep up with mortgage payments. Examples include 'The bank foreclosed on their house after they missed several mortgage payments.' and 'The family was forced to leave their home after it was foreclosed.' Synonyms include 'repossess,' 'seize,' and 'confiscate.'
