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.
Waterbury (nicknamed the "Brass City") is a city in New Haven County, Connecticut, on the Naugatuck River, 33 miles (53 km) southwest of Hartford and 77 miles (124 km) northeast of New York City. As of 2005 Census Bureau estimates, the city had a total population of 107,902 and is the fifth-largest city in Connecticut and the second largest city in New Haven County. Throughout the first half of the 20th century Waterbury had large industrial interests and was the leading center in the United States for the manufacture of brassware (including castings and finishings), as reflected in the nickname the "Brass City" and the city's motto Quid Aere Perennius? ("What Is More Lasting Than Brass?"), which echoes the Latin of Horace's Ode 3.30. It was noted for the manufacture of watches and clocks. The city is located along Interstate 84 and has a Metro North railroad station. It is also home to Post University and a regional campus of the University of Connecticut.