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.
Established in 1859, the historic Town of Breckenridge is a Home Rule Municipality that is the county seat of Summit County, Colorado, United States. As of the 2000 Census, the town had a population of 2,408. The town also has many part-time residents, as many people have vacation homes in the area. Breckenridge is also a popular ski resort during the winter months, servicing multi-difficulty ski slopes on the Rocky Mountains. Summer in Breckenridge attracts outdoor enthusiasts with hiking trails, wildflowers, fly-fishing in the Blue River, mountain biking, nearby Lake Dillon for boating, white water rafting, alpine slides, and several shops up and down Main Street. Every year, Breckenridge hosts the Breckenridge Festival of Film, established in 1981, as well as an annual Fourth of July parade. Breckenridge has recently passed a law legalizing the possession of up to one ounce of cannabis.