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.
Edelstein is an unincorporated village just off Illinois Route 40 in Peoria County, Illinois, 17.15 miles (27.60 km) north of Peoria City Hall, approximately 7.5 miles (12.1 km) north of the city limits of Peoria, and 7.5 miles (12.1 km) west of Chillicothe, Illinois. Edelstein's main business is a manufacturing company named International Supply Company, which owns several blocks of the village. On Thursday morning, June 25, 2009, the historic Hub Ballroom was destroyed by fire. Built in 1938, this building hosted celebrity appearances by Glenn Miller, Guy Lombardo, Jerry Lee Lewis, etc.