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.
Alsip is a village in Cook County, Illinois, United States. The population was 19,725 at the 2000 census. It is a suburb of Chicago. Alsip was settled in the 1830s by German and Dutch farmers. The village is named after Frank Alsip, the owner of a brickyard that opened there in 1885. The village began to grow after the Tri-State Tollway was built there after World War II.