preforeclosure en · NOUN
Pronunciation
- /ˌpɹiːfɔːɹˈkləʊ.ʒəɹ/
Etymology
Etymology tree Proto-Indo-European *per- Proto-Indo-European *preh₂- Proto-Indo-European *-i Proto-Indo-European *préh₂i? Proto-Italic *prai Proto-Italic *prai- Latin prae-lbor. Middle English pre- English pre- English foreclosure English preforeclosure From pre- + foreclosure.
Meanings
-
(countable, uncountable) The stage at which preparations are made for foreclosure
Typically, owners who have missed three mortgage payments or more and whose lenders have filed suit are considered to be in preforeclosure.
2007 October 14, Christine Haughney, “Brooklyn: A Bargain Hunter’s Guide”, in New York Times:
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| preforeclosures | Number=Plur | lexicographic |