Answer: foreclose

AnswerCrossword Clue
FORECLOSEReact to delinquency, in a way
FORECLOSEWhat mortgagors do.
FORECLOSEDebar.
forecloseTake away someone's power of redeeming (a mortgage) and take possession of the mortgaged property
forecloseRule out or prevent (a course of action)
forecloseto bar (a right of redemption); to take away the power of redeeming (a mortgage)
forecloseTake possession of a mortgaged property as a result of the mortgagor's failure to keep up their mortgage payments