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.
Cicero is an incorporated town in Cook County, Illinois, United States. The population was 85,616 at the 2000 census. A 2003 Census estimate showed the population dipped to 79,029. Cicero is named for the town of Cicero, New York, which in turn was named for Marcus Tullius Cicero, the Roman orator. Originally, Cicero Township occupied six times its current territory. Weak political leadership and town services resulted in cities such as Oak Park and Berwyn voting to split off from Cicero, and other portions such as Austin were annexed into the city of Chicago . Al Capone built his criminal empire in Chicago before moving to Cicero to escape the reach of Chicago police. The 1980s and 1990s saw a heavy influx of Hispanic residents to Cicero. Once considered mainly a Czech or Bohemian town on 22nd Street, most of the European-style restaurants and shops have been replaced by Spanish-titled businesses. Cicero most recently is seeing a new influx of residents, mostly Polish. Cicero also has seen a revival in its commercial sector, with many brand-new mini-malls and large retail stores. New condominiums are also being built in Cicero, ranging in price from $150,000 to $300,000. Cicero has long had a reputation of government scandal. Most recently, Town President Betty Loren-Maltese was sent to federal prison for misappropriating funds . She was well-liked by retired, long-term Cicero residents, but was continually challenged by younger Hispanic opponents before her indictment. Cicero was taken up and abandoned several times as site for a civil rights march in the mid-1960s. The American Friends Service Committee, the Rev. Martin Luther King, and many affiliated organizations, including churches, were conducting marches against housing and school de facto segregation and inequality in Chicago and several suburbs, but the leaders feared too violent a response in Chicago Lawn and Cicero. Eventually, a substantial march (met by catcalls, flying bottles and bricks) was conducted in Chicago Lawn, but only a splinter group, led by Rev. Jesse Jackson, marched in Cicero .