preforeclosure

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English

Etymology

From pre- +‎ foreclosure.

Noun

preforeclosure (countable and uncountable, plural preforeclosures)

  1. The stage at which preparations are made for foreclosure
    • 2007 October 14, Christine Haughney, “Brooklyn: A Bargain Hunter’s Guide”, in New York Times:
      Typically, owners who have missed three mortgage payments or more and whose lenders have filed suit are considered to be in preforeclosure.