foreclose : Idioms & Phrases
To foreclose a mortgage
- (not technically correct, but often used to signify) the obtaining a judgment for the payment of an overdue mortgage, and the exposure of the mortgaged property to sale to meet the mortgage debt.
Webster 1913
To foreclose a mortgager
(Law) , to cut him off by a judgment of court from the power of redeeming the mortgaged premises, termed his equity of redemption.