foreclose on

(redirected from foreclose)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.

foreclose on something

to take the property on which a mortgage is held; to satisfy an unpaid loan by taking ownership of the property put up for security on the loan. If you don't pay, we will be forced to foreclose on your house. The bank foreclosed on our property.
See also: on
References in periodicals archive ?
Not all of the bondholders of the senior mortgage have agreed with CW Capital's goal to foreclose.
They also seek to rapidly foreclose the opportunity for the client to continue utilizing maladaptive tactics and seeking permanently elusive goals.
In the two-family category, there were 9 sales in February and 14 petitions to foreclose.
It would be irresponsible for the county Board of Supervisors to adopt a Ventura Freeway Corridor Areawide Plan that would foreclose efforts to improve east-west traffic circulation.
The recent rise in property repossessions could well be reflective of lenders' willingness to foreclose on delinquent loans more swiftly than before, but it is also a symptom of deteriorating quality of mortgages being originated,'' Nattagh said.
Number of Petitions to Foreclose Filed in First Three Quarter Eclipses All of 2006
BOSTON -- Delinquent mortgage payments in Massachusetts continued to plague the industry in February as the number of petitions to foreclose rose 92.
The attorney said either the building will come up with the money or the bank will foreclose on the property.
We didn't have any advance notice (Capital) was going to foreclose.
Mortgage lenders filed 18,926 petitions to foreclose in Massachusetts Land Court last year, compared with 11,155 in 2005, and lenders announced 6,729 foreclosure auctions in 2006, compared with 4,620 in 2005.
The Pfisters asserted that since Roseview failed to secure a deficiency judgment on time, it was precluded from further action to foreclose Parcels 2 and 3.
The bonds were to be paid by assessments on center property, but the city has had to foreclose on 25 parcels for nonpayment.
Research and experience shows it is much less expensive to counsel and restructure loans than to foreclose.