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.
Palo Verde is a small unincorporated community in Maricopa County, Arizona, United States. It is located about 40 miles west of Phoenix, and 6 miles southwest of downtown Buckeye. Despite sharing a name, the Palo Verde Nuclear Generating Station is actually located in nearby Wintersburg. Palo Verde exists as a county island within the planning boundary of Buckeye. This precludes any possibility of incorporation for the community, but annexation into Buckeye is a possibility.