foreclosable
Subject to seizure
Foreclosable describes property or a mortgage that can legally be subject to foreclosure—the process by which a lender takes possession when a borrower fails to make payments.
A foreclosable property is one where the lender has the right to initiate this process, typically after missed payments or other contract violations.
The bank determined that the delinquent properties were foreclosable under state law.
Secured home loan
- loanBorrowed money repaid later
- defaultPreset standard option
- principalChief school administrator
- interestAttention, stake, or fee
amortization · repayment · arrears · delinquency · collateral · lien · obligation · installment
Land and its structures
- mortgageSecured home loan
- homeownershipLegally possessing residential property
- bank-ownedHeld by foreclosing lender
- auctionCompetitive public sale
title · deed · equity · collateral · residential · commercial · asset · underwater
Civil court proceeding
- judgmentReasoned decision-making capacity
- evictionForced departure from rental
- repossessionCreditor seizing collateral
- sheriff's saleForced sale of seized property
court · litigation · complaint · summons · plaintiff · defendant · legal proceedings · deficiency judgment
Preset standard option
- delinquencyCriminal or neglectful behavior
- insolvencyInability to pay debts
- bankruptcyLegal status when insolvent
- subprimeUnder top credit tier
adjustable-rate · financial distress · credit risk · forbearance · predatory lending · balloon mortgage · overleveraged · credit score
mortgage
Secured home loan
interest · amortization · repayment · arrears · delinquency · collateral · lien · obligation · installment · borrower
real estate
Land and its structures
- mortgageSecured home loan
- homeownershipLegally possessing residential property
- bank-ownedHeld by foreclosing lender
auction · title · deed · equity · collateral · residential · commercial · asset · underwater · negative equity
lawsuit
Civil court proceeding
- judgmentReasoned decision-making capacity
- evictionForced departure from rental
- repossessionCreditor seizing collateral
sheriff's sale · court · litigation · complaint · summons · plaintiff · defendant · legal proceedings · deficiency judgment · non-judicial
default
Preset standard option
- delinquencyCriminal or neglectful behavior
- insolvencyInability to pay debts
- bankruptcyLegal status when insolvent
subprime · adjustable-rate · financial distress · credit risk · forbearance · predatory lending · balloon mortgage · overleveraged · credit score · liability
foreclosableunencumbered
Free from hindrances
free and clear · paid off · debt-free · protected · secure
foreclosableunencumbered
Free from hindrances
clear title · unmortgaged · paid off · unburdened · untethered
close, include, exclude, disclose, enclosure, recluse, seclusion, preclude, foreclose