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.
Victor is a Statutory City in Teller County, Colorado, United States. The population was 445 at the 2000 census. Although in some respects Victor now almost resembles a ghost town, it was once, and indeed still remains, an active gold mining town. Victor is in the heart of Colorado's gold country, near the largest gold mines in the Cripple Creek mining district. Though most of the old mines are abandoned, modern mines still operate. One major open pit operation is run by AngloGold Ashanti, in addition to several locally-owned mines, all of which provide employment and revenue for the community. Though Victor hit a historic low in the early 2000s, the town is now coming back. With new businesses, renovation of historic buildings, and an up-swing in the local economy and property values, Victor is regaining some of the life once nearly extinguished. Students are served by the Cripple Creek-Victor High School.