C1 noun /fɔːrˈkloʊʒər/
foreclosure
embargo hipotecario
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.
La familia perdió su casa debido al embargo hipotecario después de no pagar varias cuotas de la hipoteca.