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.
McRae is a town in Telfair County, Georgia, United States. Based on the 2000 census, the town has a total population of 2,682. Between 1990 and 2000, the town experienced a population decrease of 10.8%, compared to the state growth during this period of 26.4%. The town is the county seat of Telfair County. McRae was incorporated March 3, 1874 and was named for a pioneering Scottish family. Located in downtown McRae is Liberty Square, home of a Statue of Liberty replica that is one-twelfth the original's actual size. There is also a copy of the Liberty Bell and a marble memorial to Telfair County residents who died in service. On the outskirts of McRae is the Talmadge Home. This historic site was the home of two former Georgia Governors, Eugene Talmadge and Herman Eugene Talmadge. There is a movie theatre building named for Eugene Talmadge in the downtown area. McRae was also the birthplace of Marion B. Folsom (1893-1976), a longtime executive of the Eastman Kodak Company who served as Secretary of Health, Education and Welfare during the administration of President Eisenhower.