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.
Leadville is a Statutory City that is the county seat of, and the only municipality in, Lake County, Colorado, United States. Situated at an elevation of 10,152 feet (3094 m), Leadville is the highest incorporated city and the second highest incorporated municipality in the United States. A former silver mining camp that lies near the headwaters of the Arkansas River in the heart of the Rocky Mountains, the city includes the Leadville Historic District, which preserves many historic structures and sites from Leadville's dynamic mining era. In the late 1800s, Leadville was the second most populous city in Colorado, after Denver. The United States Census Bureau estimates that the city population has shrunk to only 2,688 in 2005.