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.
Towaoc is a census-designated place (CDP) on the Ute Mountain Reservation in Montezuma County, Colorado, United States. The population was 1,097 at the 2000 census. The Towaoc Post Office has the ZIP Code 81334. Towaoc is the capital of the Ute Mountain Ute Tribe, replacing a tribal headquarters and BIA sub-agency at Aztec Springs. It is located southwest of Sleeping Ute Mountain, a sacred mountain of the Ute people, northeast of Four Corners Monument.