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.
Saginaw is an unincorporated community 2.5 miles north of Calera in Shelby County, Alabama, United States with zip code 35137. It is part of the Birmingham-Hoover-Cullman Combined Statistical Area. It is located southeast of Alabaster on the east side of Interstate 65 at the intersection of Alabama State Route 70 and U.S. Route 31. Saginaw is the home of the Saginaw Pipe Company, Inc. , a major supplier of steel pipe, beams, tubing, and plate. The Dravo Lime Company quarry in Saginaw was honored for their outstanding safety record in the annual Sentinels of Safety awards program co-sponsored by the Mine Safety and Health Administration (MSHA) and the National Mining Association (NMA) in 1997 and 1999.