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.
Beacon Falls is a town in New Haven County, Connecticut, United States. The population was 5,246 at the 2000 census. Beacon Falls has a Metro North railroad station on the Waterbury branch of the New Haven line. Settlers from Derby, Connecticut settled Beacon Falls in 1678. The town was incorporated in 1871 on lands carved from the neighboring towns of Bethany, Seymour, Naugatuck and Oxford.