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.
Anchorage (officially called the Municipality of Anchorage) is a consolidated city-borough in the U.S. state of Alaska. With an estimated 279,243 municipal residents in 2008 (359,180 residents within the Metropolitan Statistical Area), it is Alaska's largest city and constitutes more than 40 percent of the state's total population; only New York has a higher percentage of residents who live in the state's largest city. Anchorage has been named All-America City four times, in 1956, 1965, 1984/85, and 2002, by the National Civic League. It has also been named by Kiplinger as the most tax friendly city in the United States.