To foreclose a property means to take away ownership rights of a property from the owner because they haven't been able to repay a loan that was used to buy the property. It usually involves a legal process where the lender sells the property to recover the money they lent.
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«foreclose»
«property»
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Phrases with «to foreclose a property»
Sentences with «to foreclose a property»
- The overhang of foreclosed properties in markets hit hardest by the housing collapse will continue to affect the housing recovery in those markets. (rismedia.com)
- Ashraf Sayed provides an insight into how the Dubai Land Department is managing the auction of foreclosed properties in Dubai. (hadefpartners.com)
- You may have seen sales pitches for investment funds that hope to make money by swooping in on foreclosed properties in the U.S. sunbelt. (moneysense.ca)
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