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.
Bailey is an unincorporated town and U.S. Post Office in northeastern Park County, Colorado, United States. The ZIP Code of the Bailey Post Office is 80421. Bailey is in the Mountain Time Zone. The community is located along U.S. Route 285 at 39°24′18″ N, 105°28′19″ W (39.405, -105.472), at an elevation of 7756 feet (2364 meters).