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Foreclosure Law Lawyers In New Madrid Missouri

New Madrid is a city in New Madrid County, Missouri, 42 miles (68 km) south by west of Cairo, Illinois, on the Mississippi River. New Madrid was founded in 1788 by American frontiersmen. In 1900, 1,489 people lived in New Madrid, Missouri; in 1910, the population was 1,882. The population was 3,334 at the 2000 census. New Madrid is the county seat of New Madrid County. This county seat is home to the consolidated middle and high schools. "Madrid" in this name is usually pronounced with the stress on the first syllable (MAD-rid), unlike the Spanish capital Madrid (ma-DRID). The area is famous for being the site of a series of over 1,000 earthquakes in 1811 and 1812, ranging up to approximately magnitude 8, the most powerful non-subduction zone earthquake recorded in the United States. New Madrid, Missouri lies far away from any plate boundaries, although it lies on what is called the New Madrid Seismic Zone. The earthquake was felt as far away as the East Coast. The city is also remembered as being the nearby location for the Mississippi River military engagement, the Battle of Island Number Ten, during the Civil War. The city is the namesake for the song "New Madrid" on the album Anodyne by famed alt. country group Uncle Tupelo.

What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.

Answers to foreclosure law issues in Missouri

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...

When facing foreclosure it is important that homeowners understand all of the options available to help prevent...