The phrase "foreclosure crisis" refers to a situation where many homeowners are unable to pay their mortgage loans, leading to a large number of houses being taken away by banks or lenders. Full definition
But then came the mortgage foreclosure crisis, followed by a full - scale housing market crash. (homebuyinginstitute.com)
In fact, it's a crime in all 50 states to abandon an animal, an issue brought into sharp and painful relief during the ongoing home foreclosure crisis. (petsforpatriots.org)
The mortgage and foreclosure crisis wiped out their capital reserves, and some began to question the very existence of the historic housing agency. (homebuyinginstitute.com)