Foreclosed


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Foreclosed Definition

–verb (used with object)
1.Law.
a.to deprive (a mortgagor or pledgor) of the right to redeem his or her property, esp. on failure to make payment on a mortgage when due, ownership of property then passing to the mortgagee.
b.to take away the right to redeem (a mortgage or pledge).
2.to shut out; exclude; bar.
3.to hinder or prevent, as from doing something.
4.to establish an exclusive claim to.
5.to close, settle, or answer beforehand.
–verb (used without object)
6.to foreclose a mortgage or pledge.
From Dictionary

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