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.
The Town of Silverton is a Statutory Town that is the county seat of, and the only incorporated municipality in, San Juan County, Colorado, United States. Silverton is a former silver mining camp, most or all of which is now included in a federally designated National Historic Landmark District, the Silverton Historic District. The town population was 531 at U.S. Census 2000. Silverton is linked to Durango by the Durango and Silverton Narrow Gauge Railroad, a National Historic Landmark. Silverton no longer has active mining, but subsists by tourism, maintenance of US 550 (which links Montrose with Durango via Silverton), mine pollution remediation, and retirees.