C1 noun /fɔːrˈkloʊʒər/
foreclosure
Zwangsvollstreckung
Meaning
The legal process by which a lender takes control of a property from a borrower who has failed to make payments.
Example
The family lost their home due to foreclosure after missing several mortgage payments.
Die Familie verlor ihr Zuhause aufgrund der Zwangsvollstreckung, nachdem sie mehrere Hypothekenzahlungen versäumt hatte.