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The phrase "in foreclosure" is correct and usable in written English.
It is typically used in the context of real estate to describe a property that is being repossessed by a lender due to the owner's failure to make mortgage payments.
Example: "The house down the street is in foreclosure, and it will likely be auctioned off soon."
Alternatives: "under foreclosure" or "in default."
Exact(55)
Nearly a third of all homes are in foreclosure.
Whole neighborhoods are in foreclosure, and Florida's vaunted growth machine has shut off.
None were in foreclosure.
Their home is in foreclosure.
No one wins in foreclosure.
It, too, was in foreclosure.
The property was in foreclosure.
Both buildings are now in foreclosure.
Being in foreclosure usually means being broke.
By then, she was also in foreclosure.
Mr. Bridges's property is now in foreclosure.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com