14 example sentences using foreclose.
Foreclose used in a sentence
Foreclose in a sentence as a verb
Oh and the banks will also foreclose many peoples houses because the small people cant pay their debts either.
That could be important if they thought an investor was going to move to quickly to foreclose on assets.
"So you buy the tax lien, and if the tax isn't paid, you foreclose, you pay off the outstanding taxes and bills, and you get the property.
Today most people foreclose on what they might become accomplished at because they say things like 'I can't draw a straight line' or 'whistle a note' or similar such.
The developer eats the cost on that for a while, but then the next recession hits, people lose their jobs, banks foreclose on the properties, and that starts the tumble in prices.
This is very far from what happened...In the case of a mortgage, the can foreclose on the property, liquidate it and use the proceeds to make themselves whole.
So banks didn't rig interest rates, or blatantly launder money for drug lords and terrorists, or foreclose on people who didn't even owe money on their homes?
If they correctly priced the 'option' that the lien wouldn't be paid and the buyer could foreclose, then it wouldn't be so attractive for the predatory buyers.
It's a federal felony, and it's generally used to foreclose on large-scale scam operations.
You are basically saying that banks are being evil when they repossess and foreclose on property, but if they weren't allowed to do so, they wouldn't lend money in the first place.
If they foreclose on the house and repossess it, the loan is considered settled, and they can't attempt to collect the difference, even if the house is worth less than the value of the loan was.
Under no circumstances should someone be able to foreclose on a property because they hold a lien for less than 1/1000th of the value of the property, then take all of the equity.
By their nature they tend to not absolutely foreclose anything except outright copying a technique and even then only in a specific context, and video coding and signal processing are old enough and mathematical enough that the basics are unpatentable.
If you really want to be infuriated, read it to find out how Treasury viewed this program: not as a way to actually help homeowners, but as a way to "foam the runway" for the banks, allowing them to stretch out the period of time over which they could foreclose on all these homes to avoid being overwhelmed by the logistics.
Foreclose definitions
keep from happening or arising; make impossible; "My sense of tact forbids an honest answer"; "Your role in the projects precludes your involvement in the competitive project"
subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage