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.
Tallassee (first called Talisi by the Creek Indians) is a city on the Tallapoosa River, located in both Elmore and Tallapoosa counties in the U.S. state of Alabama. At the 2000 census the population was 4,934. It is home to a major hydroelectric power plant at Thurlow Dam operated by Alabama Power Company. The Elmore County portion of Tallassee is part of the Montgomery Metropolitan Statistical Area, while the Tallapoosa County portion is part of the Alexander City Micropolitan Statistical Area.