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.
Barrington is a United States village in Cook County, Illinois and Lake County, Illinois. The population was 10,168 at the 2000 census. Barrington is part of the Chicago metropolitan area. The village's motto is "a great place to live, work and play. " Located approximately 32 miles (51 km) northwest of Chicago, the area features wetlands, forest preserves, parks and horse trails in a country-suburban setting. The Barrington area ZIP code, 60010, is the seventh wealthiest ZIP code in the country among areas with a population of 20,000 or more. The area includes the villages or towns of Barrington, Barrington Hills, Lake Barrington, North Barrington, South Barrington, and Tower Lakes, as well as small portions of Carpentersville, Deer Park, Hoffman Estates, and Inverness.