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.
Amboy is a city in Lee County, Illinois, along the Green River. The population was 2,561 at the 2000 census. The chain of Carson Pirie Scott & Co. began in Amboy when Samuel Carson opened his first dry goods store there in 1854. The Christian denomination Community of Christ, formerly the Reorganized Church of Jesus Christ of Latter day Saints, had a general conference in Amboy on April 6, 1860, at which time Joseph Smith III reorganized the church founded by his father Joseph Smith, Jr.