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.
Balm is an unincorporated, rural community located in southeastern Hillsborough County, Florida, approximately 18 miles southeast of Tampa. It is the location of Goodson Farms packing house and vegetable/fruit stand. In 2005, Goodsons had begun rebuilding the stand on the intersection of McGrady Road and 301. It was completed in late 2006. There are also four tropical fish farms and a small holding area for Barnum and Bailey's circus animals. One well known landmark is the Balm post office, which has been part of the community for over 50 years. The small town is undergoing construction of new houses and may eventually be upgraded to a suburb, hopefully bringing mail delivery and broadband Internet service to the area. As of today, the town is constantly being neglected by the county. On January 17, 2007, it was announced that a previously scheduled mitigation project had been canceled. This was attributed to the weak real-estate.