subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage
The process by which a lender seizes an asset (usually a home or other real estate) after the owner has defaulted on the loan
If the person or organization that lent someone money forecloses, they take possession of a property that was bought with the borrowed money, for example because regular repayments have not been made. The bank foreclosed on the mortgage for his previous home. if a bank forecloses, it takes away someone's property because they have failed to pay back the money that they borrowed from the bank to buy it foreclose on (forclos, past participle of forclore, from fors + clore )
keep from happening or arising; have the effect of preventing; "My sense of tact forbids an honest answer"