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.
Waldo is a city in Alachua County, Florida, United States. The population was 821 at the 2000 census. According to the U.S. Census Bureau's 2004 estimates, the city had a population of 784. The city has received national attention and earned the ominous distinction of being one of only two official speed traps designated by the American Automobile Association (the other being Lawtey a few miles to the north), due to the city's strict enforcement of the local speed limit on U.S. Route 301 as it cuts through town.