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foreclosure

Pronunciation: [fɔrˈkloʊʒər]

Word

Learn how to use foreclosure in a sentence: 6 audio examples across 2 meanings.

Context: “finance”

(noun) a legal process where a bank or lender takes back a property because someone cannot pay their mortgage. This often happens when someone has trouble making their house payments, and the bank needs to get their money back.

Example

After his financial struggles, he faced foreclosure on his home.

Example

She was relieved that foreclosure did not happen after she found a new job.

Example

What happens to a house in a foreclosure?

Context: “real estate”

(noun) the situation where a property is officially taken over by a lender due to unpaid loans. It is often the result of long-term non-payment and can lead to the property being sold.

Example

The foreclosure of that property allowed the bank to recover its investment.

Example

Foreclosure can make it difficult for families to find a new home.

Example

How does foreclosure affect the housing market?

How to pronounce foreclosure

Pronunciation: [fɔrˈkloʊʒər]

Listen and repeat as many times as you need.

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