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.
Lakewood is a city in Los Angeles County, California, United States. The population was 79,345 at the 2000 census. It is bordered by Long Beach on the west and south, Bellflower on the north, Cerritos on the northeast, Cypress on the east, and Hawaiian Gardens on the southeast. Major thoroughfares include Lakewood, Bellflower, and Del Amo Boulevards and Carson and South Streets. The San Gabriel River Freeway runs through the city's eastern regions. Sometimes called "an instant city" because of its origins—going from lima bean fields in 1950 to a well-developed city by 1960—Lakewood is, along with Levittown, New York, the archetypal post-World War II American suburb. The vast majority of its housing stock is small, mass-produced single-story houses on tree-lined streets, sold initially to World War II and Korean War veterans who worked in the aerospace factories of Long Beach and the South Bay.