Foreclosed vs Forecloses - What's the difference?
As verbs the difference between foreclosed and forecloses is that foreclosed is (foreclose) while forecloses is (foreclose).
To repossess a mortgaged property whose owner has failed to make the necessary payments.
To cut off (a mortgager) by a judgment of court from the power of redeeming the mortgaged premises.
To prevent from doing something.
To shut up or out; to preclude; to stop; to prevent; to bar; to exclude.
- They have to move out of their house because the bank foreclosed on their mortgage.
- The embargo with Spain foreclosed this trade.