foreclosure vs proceeding

foreclosure and proceeding both are nouns.

Word	Noun	Adjective	Verb	Adverb
foreclosure	Yes	No	No	No
proceeding	Yes	No	No	No

As nouns, proceeding is a hypernym of foreclosure; that is, proceeding is a word with a broader meaning than foreclosure:

foreclosure: the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
proceeding: (law) the institution of a sequence of steps by which legal judgments are invoked

Other hypernyms of foreclosure include legal proceeding, proceedings.

foreclosure (noun)	proceeding (noun)
the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default	(law) the institution of a sequence of steps by which legal judgments are invoked