forecloses
Takes back collateral
Forecloses is the third-person singular of foreclose.
To foreclose is to take possession of mortgaged property when the borrower fails to make payments: The bank forecloses on hundreds of homes each year.
More broadly, to foreclose is to prevent or rule out a possibility: His early departure forecloses any chance of reconciliation.
Secured home loan
- defaultPreset standard option
- lienClaim securing debt
- judgmentReasoned decision-making capacity
- courtTrial venue or sports surface
judicial · litigation · plaintiff · defendant · trustee · summons · decree · filing
Preset standard option
- arrearsOverdue financial obligations
- delinquencyCriminal or neglectful behavior
- borrowerOne who takes temporarily
- lenderOne who loans money
creditor · insolvency · bankruptcy · loan · interest · overdue · repayment · balance
Creditor seizing collateral
- evictionForced departure from rental
- auctionCompetitive public sale
- dispossessDeprive of property
- reclaimTake back possession
lockout · bank-owned · surrender · vacancy · displacement · ouster
Drinking establishment
- prohibitFormally disallow
- blockSolid mass, or impede
- eliminateRemove completely
- rule outEliminate as option
shut out · obstruct · thwart · avert · forestall · negate · nullify
Act of ending something
- endFinal portion or cessation
- conclusionEnd or deduction
- cutoffPoint of termination
- deadlineTime limit for completion
mortgage
Secured home loan
court · judicial · litigation · plaintiff · defendant · trustee · summons · decree · filing · proceeding
default
Preset standard option
- arrearsOverdue financial obligations
- delinquencyCriminal or neglectful behavior
- borrowerOne who takes temporarily
lender · creditor · insolvency · bankruptcy · loan · interest · overdue · repayment · balance · underwater
repossession
Creditor seizing collateral
- evictionForced departure from rental
- auctionCompetitive public sale
- dispossessDeprive of property
reclaim · lockout · bank-owned · surrender · vacancy · displacement · ouster
bar
Drinking establishment
rule out · shut out · obstruct · thwart · avert · forestall · negate · nullify
termination
Act of ending something
- endFinal portion or cessation
- conclusionEnd or deduction
- cutoffPoint of termination
deadline · expiration · last chance · point of no return · irrevocable
foreclosesrefinances
Replaces existing loan
extends · renews · restructures · reinstates · modifies
- 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