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foreclosures

Pronunciation: [fɔːrˈklɔːʒərz]

Word

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

Context: “finance”

(noun) a foreclosure happens when a bank takes back a house because the owner cannot pay their mortgage. It’s like when someone borrows money to buy a home but can’t repay it, the bank takes the home from them.

Example

Many houses in the neighborhood went into foreclosures, which made them available at lower prices.

Example

There were no foreclosures in the area last year, so prices remained stable.

Example

What should a homeowner do to avoid foreclosures?

How to pronounce foreclosures

Pronunciation: [fɔːrˈklɔːʒərz]

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