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Foreclosure vs Nonforeclosure - What's the difference?

foreclosure | nonforeclosure |

As a noun foreclosure

is (legal) the proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments.

As an adjective nonforeclosure is

not of or pertaining to foreclosure.

foreclosure

English

Noun

(wikipedia foreclosure) (en noun)
  • (legal) the proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments

    • nonforeclosure

    English

    Adjective

    (-)
  • Not of or pertaining to foreclosure.
  • *{{quote-news, year=2009, date=March 5, author=Jack Healy, title=Federal Reserve Beige Book Paints a Broadly Pessimistic Picture, work=New York Times citation
    • , passage=Single-family home prices tumbled 18.5 percent in December from the previous year, and real estate agents say that nonforeclosure sales are still stagnant. }}