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.
Limon is a Statutory Town that is the most populous town in Lincoln County, Colorado, United States immediately east of Elbert County. The population was 2,071 at the 2000 census. Limon has been called the "Hub City" of Eastern Colorado because Interstate 70, U.S. Highways 24, 40, and 287, and State Highways 71 and 86 all pass through the town. The Limon Correctional Facility is part of the Colorado Department of Corrections system and is a major employer in the area with employment of roughly 350. Limon is listed as the official AASHTO control city for signs on Interstate 70 between Denver and Hays, Kansas, although westbound signs in both Colorado and Kansas often omit Limon and list the larger city of Denver. Limon is the western terminus of the Kyle Railroad and it is here the shortline interchanges with the Union Pacific Railroad. Limon was the site of one of the most gruesome lynchings in American history on November 16, 1900. Preston Porter Jr, accused of the murder of a white girl, was led by rope through town, and then tied to a stake and burned while he was reading the Bible. He screamed out to be shot, but onlookers only heaped on more fuel, according to an article in the November 17, 1900 edition of The New York Times.