foreclosure

  • A legal process which deprives a mortgagor of interest in property, usually as a result of failure to make mortgage, judgment, or tax payments.

    Oregon Secretary of State Archives Division 1
    See also sheriff's sale

1Oregon Secretary of State Archives Division, Oregon Historical County Records Guide: Glossary of Terms, http://­www.sos.state.or.us/­archives/­county/­cpglossary.html (last accessed May 27, 2009).