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.
Oak Park is a census-designated place located in Ventura County, California covered by census tracts 74.03 and 74.04. As of the 2000 census, those tracts had a total population of 14,625 people. It resides in the Conejo Valley, north from Malibu and Agoura Hills and is a part of Ventura County.