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.
Gadsden is a city in and the county seat of Etowah County, northeastern Alabama, United States, approximately 60 miles northeast of Birmingham. It is the principal city of and is included in the Gadsden Metropolitan Statistical Area, which has a population of 103,459. As of the 2006 Census Bureau estimates, the population of the city is 37,291. It was at one time the state's second most important industrial center, trailing only Mobile. The two cities were important shipping centers: Gadsden for riverboats and Mobile for international trade. Up until the 1980s, Gadsden was almost totally dependent on heavy industry, including Goodyear Tire, and Republic Steel. After virtually crumbling in the 1970s and 1980s, Gadsden decided its best course of action was to stop being dependent on industry, and shedding its "company town" image. In 1991, Gadsden was awarded the honor of All-America City by the National Civic League, an award that honored the way Gadsden's citizens, government, businesses, and voluntary organizations work together to address critical local issues.