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.
Lake Village is a city in Chicot County, Arkansas, United States. The population was 2,823 at the 2000 census. The city is the county seat of Chicot County. Lake Village is named for its location on Lake Chicot, an oxbow lake formed from the Mississippi River. Lake Chicot is the largest oxbow lake in North America and the largest natural lake in Arkansas. The state Tourist Information Center in Lake Village is located on a pier extending out into Lake Chicot. It is the only Center in the state completely heated and cooled by solar energy. However, it is scheduled to be replaced by a more modern center. According to legend, the remains of Hernando De Soto are buried in Lake Chicot. Also, Charles Lindbergh made his first nighttime flight over Lake Chicot and Lake Village in April 1923. See here for a list of sites associated with the de Soto Expedition.