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.
Chebanse is a village in Chebanse Township, Iroquois County in the U.S. state of Illinois; the north portion of the town lies in Otto Township, Kankakee County. The population was 1,148 at the 2000 census. The Kankakee County portion of Chebanse is included in the Kankakee-Bradley, Illinois Metropolitan Statistical Area.