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.
Colorado Springs is a Home Rule Municipality that is the county seat and most populous city of El Paso County, Colorado, United States. It is located just east of the geographic center of the state and 61 miles (98 km) south of the Colorado State Capitol in Denver. At 6,035 feet the city sits over one mile above sea level, though some areas of the city are significantly higher. Colorado Springs is situated near the base of one of the most famous American mountains, Pikes Peak, at the eastern edge of the southern Rocky Mountains. With an estimated population of 380,307 in 2008, it is the second most populous city in the state of Colorado, following behind Denver, and the 48th most populous city in the United States, while the Colorado Springs Metropolitan Statistical Area had an estimated population of 617,714. The city covers 186.1 square miles, making it Colorado's largest city in area. Colorado Springs was selected as the No. 1 Best Big City in "Best Places to Live" by Money magazine in 2006, and placed number one in Outside Magazine's 2009 list of America's Best Cities. However, by 2010, the city was in such dire economic straits that its city government made deep cuts to many services, including public safety (fire and police) and parks and recreation.