Foreclosure Sale

Business, Legal & Accounting Glossary

Definition: Foreclosure Sale




What is the dictionary definition of Foreclosure Sale?

Dictionary Definition


n. the actual forced sale of real property at a public auction (often on the courthouse steps following public notice posted at the courthouse and published in a local newspaper) after foreclosure on that property as security under a mortgage or deed of trust for a loan that is substantially delinquent. The lender who has not been paid may bid for the property, using his/her/its own unpaid note toward payment, which can result in a bargain purchase.


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Foreclosure Sale. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 25, 2021 https://payrollheaven.com/define/foreclosure-sale/.
Chicago Manual of Style (CMS):
Foreclosure Sale. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/foreclosure-sale/ (accessed: September 25, 2021).
American Psychological Association (APA):
Foreclosure Sale. PayrollHeaven.com. Retrieved September 25, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/foreclosure-sale/

Definition Sources


Definitions for Foreclosure Sale are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 0 Views.