Definitions for "Foreclosure sale"
Keywords:  rant, auction, satisfy, default, sale
A legal course of action in which property mortgaged as security for a loan is sold at public auction to pay the defaulting borrower's debt.
The sale of property in a foreclosure. Most often, it is the sale of the property securing a debt after default in payment.
A sale of property used as security for a debt, to satisfy said debt.