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.
Central City is a home rule municipality in Clear Creek and Gilpin counties in the U.S. state of Colorado, and the county seat of Gilpin County. The city population was 515 at U.S. Census 2000. The city is an historic mining settlement founded in 1859 during the Pike's Peak Gold Rush, which came to be known as the "Richest Square Mile on Earth". Central City and the adjacent City of Black Hawk form the federally designated Central City/Black Hawk National Historic District.