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.
Punta Gorda is a city in Charlotte County, Florida, United States. According to the U.S. Census Bureau estimates of 2007, the city had a population of 16,762. It is the county seat of Charlotte County and the only incorporated municipality in the county. Punta Gorda is the principal city of the Punta Gorda, Florida Metropolitan Statistical Area and of Sarasota-Bradenton-Punta Gorda Combined Statistical Area, which was first defined by OMB bulletin 07-01, released in December 2006. Punta Gorda was the scene of massive destruction after Hurricane Charley, a Category 4 hurricane, came through the city on August 13, 2004. Charley was the strongest tropical system to hit Florida since Hurricane Andrew in 1992.