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.
Byron is a city in Ogle County, Illinois, United States located on the Iowa, Chicago and Eastern Railroad, Illinois Route 72, and Illinois Route 2. The population was 2,917 at the 2000 census. The population was 3,582 (+22.8% change) in the July 2005 estimate census, and 3,865 (+30% change) in the city's own census in 2006. The Byron Nuclear Generating Station, currently owned by Exelon Corporation, is just south of Byron. The station provides a great deal of the electricity used in northern Illinois. The town is also the birthplace of Albert Spalding and Wilson Irvine.