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.
Falls Village is a village in the town of Canaan, Connecticut. Because Falls Village is the town center and principal constituent village in Canaan, the entire town is often referred to as "Falls Village. " The Falls Village post office is assigned zip code 06031, which encompasses the entire town of Canaan. In 1979 the Falls Village District was listed on the National Register of Historic Places as an historic district. The district represents about 70 acres that were built in the middle of the 19th century as a result of the area being selected as a station stop for the Housatonic Railroad in the early 1830s. Newer buildings around the junction of U.S. Route 7 and Route 126 are excluded. The district includes examples of Greek Revival, Italianate, and Queen Anne architecture. It includes 71 buildings and the canal built to harness water power from the Great Falls northwest of the village. The district is bounded on the south by the east-west portion of Railroad Street, on the east by the rear property lines of houses fronting Beebe Hill Road, on the north by the rear property lines of houses fronting Brewster Road, and on the west by the Housatonic Railroad tracks (with a bulge in the northwest to include the unused 1851 canal between Water Street and the railroad tracks).