1. taking legal action to repossess property when mortgage payments are not made
Usage: legal/financial context
2. preventing or ruling out a possibility or option
Usage: formal

Examples

• The bank is foreclosing on their house due to missed payments.
• Many families lost their homes when lenders began foreclosing during the crisis.
• By refusing to negotiate, he was foreclosing any chance of compromise.
• The new policy is foreclosing opportunities for small businesses.
• They received a notice that the mortgage company was foreclosing.
• Her harsh words were foreclosing the possibility of reconciliation.