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.
The City of Monterey in Monterey County is located on Monterey Bay along the Pacific coast in Central California. Monterey lies at an elevation of 26 feet (8 m) above sea level. As of 2005, the city population was 30,641. The city is noted for its rich history of resident artists beginning in the late 1800s, and its historically famed fishery. Monterey is home to the Monterey Bay Aquarium, the Monterey American Viticultural Area, Cannery Row, Fisherman's Wharf and the annual Monterey Jazz Festival.