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.
Elburn is a village in Kane County, Illinois, United States. The population was 4,751 as of 2006. It is located at the intersection of Illinois Route 38 and Route 47. Elburn is a far-west suburb situated 46 miles (74 km) due west of the Chicago Loop with frequent service on the Union Pacific/West line of the Metra commuter rail system.