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Foreclosure   Listen
Foreclosure  n.  The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.

Collaborative International Dictionary of English 0.48

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"Foreclosure" Quotes from Famous Books

... your lordship's caution is reasonable. The creditor must be bound to allow Lord Glenvarloch sufficient time to redeem his estate by means of the royal warrant, and must wave in his favour the right of instant foreclosure, which may be, I should think, the more easily managed, as the right of redemption must be ...
— The Fortunes of Nigel • Sir Walter Scott

... merchants were ruined. [Footnote: J. Q. Adams, Memoirs, IV., 375; Jefferson, Writings, X., 257; Benton, View, I., 5; Niles' Register, XVI., 114; Hodgson, Travels, II., 128; Sumner, Hist, of Banking, I., chaps, vii., viii.] The conditions are illustrated in the case of Cincinnati. By the foreclosure of mortgages, the national bank came to own a large part of the city-hotels, coffee- houses, warehouses, stables, iron foundries, residences, and vacant lots. "All the flourishing cities of the West," cried ...
— Rise of the New West, 1819-1829 - Volume 14 in the series American Nation: A History • Frederick Jackson Turner

... Hammersmith. His theme is as old and new as Job. John Ferguson is a saintly Ulster farmer, apostle of the doctrine of non- resistance (rare type in those parts, I understand) and eager justifier of the ways of God to men. Ferguson's beloved farm is mortgaged; foreclosure imminent. Help is confidently expected from brother Andrew in America, but does not come. Daughter Hannah, sent with a message to the brutal mortgagee, is outraged by him. Prospective son-in-law James, man of great words but little ...
— Punch, or the London Charivari, Vol. 158, March 3rd, 1920 • Various

... a school-teacher took the house, and made a few changes, for convenience apparently, for substantially it remained the same; for he, too, escaped as by the skin of his teeth. Finally, after the foreclosure of many lives, the sickness and fatality of the property became so marked, that it became unsalable. When at last sold, every sort of prediction was made as to the risk of occupancy; but, by a thorough attention to sanitary conditions, no such risks ...
— The Easiest Way in Housekeeping and Cooking - Adapted to Domestic Use or Study in Classes • Helen Campbell

... a rock beside a bush and thought about this sadly. He could have saved his father much if he had known. He could have assigned his pay. There was a government allowance. He could have invoked the War Relief Act against foreclosure. Between them they could have managed. But he understood quite clearly why his father made no mention of his difficulties. He would have done the same under the same circumstances himself, played the game to its bitter ...
— Poor Man's Rock • Bertrand W. Sinclair

Words linked to "Foreclosure" :   legal proceeding, proceeding

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