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.
Milford is a city in southwestern New Haven County, Connecticut, United States, located between Bridgeport and New Haven. The population was 50,594 at the 2000 census. The city contains the incorporated borough of Woodmont and the unincorporated village of Devon. The current mayor of Milford is James L. Richetelli, Jr. The city has grown noticeably over the years, including rapid revitalization of the downtown and retail growth along Route 1, and today Milford faces the typical modern issue of deciding how much land to develop and how much to keep natural, especially in light of the city's location at the mouth of the Housatonic River. Laws favoring the preservation and restoration of older homes have helped maintain a traditional New England town ambiance. Further information: Economic development of Milford, Connecticut