Refers to a serious financial problem where property is taken due to unpaid debt. The family faced foreclosure after losing their jobs.
Pro Tip 2/3
Legal Process
Involves legal steps that lenders use to take back a property, often involving court. They received a court notice about the foreclosure of their farm.
Pro Tip 3/3
Negative Connotation
Foreclosure often suggests financial failure or hardship. The term foreclosure scared the tenants, hinting at possible eviction.