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.
Eldorado is a city in Saline County, Illinois, United States. The population was 4,534 at the 2000 census, with a 1925 peak of 8,000. Although the city's name is spelled as if it were Spanish, it is pronounced /ɛldəˈreɪdoʊ/ or /ɛldəˈreɪdə/. Originally, the name was "Elder-Reado" -- a combination of the last names of the town's two founders, Judge Samuel Elder and Joseph Read. According to legend, a signpainter for the railroad painted the name "Eldorado" on the train depot; as a result, the spelling and pronunciation was forever changed. Eldorado is included in the Illinois-Indiana-Kentucky Tri-State Area and is a bedroom community in the Harrisburg Micropolitan Statistical Area. The junction of the pioneer Kaskaskia and Goshen Trails was located just south of the city. The Goshen Trail began in Old Shawneetown, Illinois and ran along the east side of Eldorado and on to Goshen, Illinois, a community near the present day East St. Louis.