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.
Mount Olive, also spelled Mt. Olive is an unincorporated community and a census-designated place in Jefferson County, Alabama in the suburbs of Birmingham, Alabama. As of the 2000 census, the population of the community is 3,957. Mount Olive is bordered on the south and the east by the town of Gardendale, and in fact, some areas that had previously been in Mount Olive have been annexed into Gardendale over the years. Running along part of the border between Mt. Olive and Gardendale is the major expressway, Interstate 65. Eventually, part of Birmingham's Northern Beltline will cut through northwestern sections of Mt. Olive. Mt. Olive has its own elementary school and was formerly the home of a junior high school. Beyond elementary school, most of its students go on to Bragg Middle School and eventually Gardendale High School. A new $50-million Gardendale High School is expected to be completed within a year or two. Mount Olive is also the birthplace of iconic country music legend Hank Williams, which is in Butler County, not the town referenced in this article.