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.
Thousand Oaks, commonly referred to as "T.O. " by residents, is a city in southeastern Ventura County, California, in the United States. It was named after the many oak trees that grace the area, and the city seal is adorned with an oak. The city forms the most populated part of a regional area called the Conejo Valley, which includes Thousand Oaks proper, Newbury Park (which is really just a portion of the city, plus some unincorporated areas), Westlake Village, Agoura Hills, and Oak Park. The Los Angeles County/Ventura County line crosses at the western city limits of Westlake Village. The City of Thousand Oaks along with Newbury Park were part of a master planned city, created by the Janss Investment Company in the mid-1950s. It included about 1,000 custom home lots, 2,000 single-family residences, a regional shopping center, 200-acre (0.81 km) industrial park and several neighborhood shopping centers. Today, real estate in the area is very expensive, with median home prices around $673,000 . It is located in the northwestern area of the Greater Los Angeles Area. The city was in 2006 named one of Money magazine's Best Places to Live.