foreclosed
Lender seized property
Foreclosed is the past tense of foreclose, meaning a lender has taken legal action to seize property when the borrower fails to make payments: The bank foreclosed on their home after six months of missed mortgage payments.
Figuratively, to foreclose something is to rule it out or prevent it from happening: His early comments foreclosed any possibility of compromise.
Competitive public sale
- repossessionCreditor seizing collateral
- seizedTook suddenly, forcefully
- evictionForced departure from rental
- vacateLeave a place empty
lockout · dispossess · bank-owned · asset recovery · abandonment · property rights · homestead · real estate
Preset standard option
- lienClaim securing debt
- mortgageSecured home loan
- collateralSecurity for debt
- deedWritten property conveyance
trustee · judgment · notice · court order · sheriff's sale · title transfer · mortgagee · secured debt
Money owed another
- loanBorrowed money repaid later
- arrearsOverdue financial obligations
- delinquencyCriminal or neglectful behavior
- principalChief school administrator
interest · amortization · underwater · negative equity · subprime · adjustable-rate · balloon payment · forbearance
Removal from usual location
- homelessnessLacking permanent residence
- lossBeing without something
- hardshipSuffering from difficult circumstances
- povertySevere lack of resources
grief · despair · ruin · stress · uncertainty · moving · downsizing · stigma
Severe lack of affordable dwellings
- recessionProlonged economic decline
- bubbleAir-filled film sphere
- crashSudden violent impact
- market collapseSudden severe price drop
credit crunch · downturn · bailout · stimulus · unemployment · 2008 · subprime mortgage crisis · predatory lending
auction
Competitive public sale
- repossessionCreditor seizing collateral
- seizedTook suddenly, forcefully
- evictionForced departure from rental
vacate · lockout · dispossess · bank-owned · asset recovery · abandonment · property rights · homestead · real estate · appraisal
default
Preset standard option
- lienClaim securing debt
- mortgageSecured home loan
- collateralSecurity for debt
deed · trustee · judgment · notice · court order · sheriff's sale · title transfer · mortgagee · secured debt · deficiency
debt
Money owed another
- loanBorrowed money repaid later
- arrearsOverdue financial obligations
- delinquencyCriminal or neglectful behavior
principal · interest · amortization · underwater · negative equity · subprime · adjustable-rate · balloon payment · forbearance · refinance
displacement
Removal from usual location
- homelessnessLacking permanent residence
- lossBeing without something
- hardshipSuffering from difficult circumstances
poverty · grief · despair · ruin · stress · uncertainty · moving · downsizing · stigma · recovery
housing crisis
Severe lack of affordable dwellings
market collapse · credit crunch · downturn · bailout · stimulus · unemployment · 2008 · subprime mortgage crisis · predatory lending · securitization
- financial ruinbankrupt, bankruptcy, bust, busted, broke
- Depression EraGreat Depression, Hooverville, breadline, dust storms, soup kitchen
- housing statushomeowner, renter, tenant, landlord, owned
- povertypoverty line, poor, poverty rate, impoverished, generational poverty
- Former Rolesex-president, ex-wife, ex-husband, ex-boyfriend, ex-girlfriend
- displaced peoplerefugee, displaced, IDPs, asylum seeker, displaced persons
- foreclosure preventionStopping bank repossession
- bank foreclosure
- foreclosure saleAuction of seized property
- foreclosure auctionSale of repossessed property
- foreclosure processLender reclaiming defaulted property
- foreclosure noticeLender's property seizure announcement