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.
Toksook Bay is a village on Nelson Island in Alaska. As of the 2000 census the population was 532, making it the largest village on the island. Toksook Bay was established in 1964 by residents of nearby Nightmute. Almost the entire population are members of the Alaska Native Nunakauyak Tribe, who rely on fishing and other subsistence activities.