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.
Lincoln (also Lincoln City) is a small unincorporated community in northern Sussex County, Delaware, United States. It is part of the Seaford, Delaware Micropolitan Statistical Area. The planner that originally laid out the town planned for it to become the county seat. Lincoln lies on U.S. Route 113 between Ellendale and Milford. The town was never incorporated, however streets were laid out and several businesses and residences came, surrounding the current Norfolk Southern Railway line. Lincoln is the headquarters of the Delaware Coast Line Railroad. Recently there has been a push to incorporate Lincoln, primarily for two reasons. First, the city of Milford is quickly growing towards Lincoln and could eventually envelope the town. Secondly, the Delaware Department of Transportation is developing a Milford By-Pass for US 113 that could divide the small community of Lincoln, effectively cutting off neighbors from each other, as well as causing the removal of several homes and businesses and at least one of the two schools in Lincoln.