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.
Shishmaref is a village in the Nome Census Area, Alaska, United States, located on Sarichef Island in the Chukchi Sea, just north of the Bering Strait and five miles from the mainland. It lies within the Bering Land Bridge National Preserve. The population was 562 at the 2000 census.