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AH020387 Posted 16 years ago
Vocabulary
'Foreclosure prices'
'Foreclosure' means 'keeping or taking away something wanted, need' so what does it mean in the phrase 'foreclosure prices'?
Top answer
Low prices: the foreclosing agency normally resells a property at a low price to recover the outstanding balance owed on the mortgage.
- Low prices: the foreclosing agency normally resells a property at a low price to recover the outstanding balance owed on the mortgage.
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2 Answers
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Low prices: the foreclosing agency normally resells a property at a low price to recover the outstanding balance owed on the mortgage.
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