Foreclosing is not instant; it involves lengthy legal proceedings to reclaim a property. The foreclosure on the farm will take several months of legal procedures.
Pro Tip 2/3
Financial Trouble
Using 'foreclose' suggests that someone failed to meet financial obligations, like a loan. If we don't pay the mortgage, the bank could foreclose our house.
Pro Tip 3/3
Negative Outcome
'Foreclose' typically implies a distressing or undesirable situation for the property owner. The small business owner faced foreclosure after the economic downturn.