preforeclosure

preforeclosure

English

Etymology

    From pre- + foreclosure.

    Pronunciation

    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[1]:
        Typically, owners who have missed three mortgage payments or more and whose lenders have filed suit are considered to be in preforeclosure.