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.
San Luis Obispo (Spanish for St. Louis, the Bishop) is a city in California, located roughly midway between San Francisco and Los Angeles on the Central Coast. The city, referred to locally as "SLO","SLOTOWN" and "San Luis", is the county seat of San Luis Obispo County and is adjacent to California Polytechnic State University (Cal Poly). As of the 2006 Census Bureau estimate, the city population was 42,963 (down 2.8% from 2000). Founded in 1772, San Luis Obispo is one of California’s oldest communities.