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.
Climax was an unincorporated mining village and a former U.S. Post Office located in Lake County, Colorado. Climax was known for its large molybdenum ore deposit. The former Climax Post Office had the ZIP Code 80429. Climax is now an uninhabited ghost town, located along the Continental Divide at an elevation of about 11,360 feet (3465 meters). It was the highest human settlement in the United States, and it holds the record for having had the country's highest Post Office and the highest railroad station. The residential houses were all transported to the West Park subdivision of Leadville, Colorado, before 1965, leaving only the mining buildings standing.