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.
Elk Grove Village is a municipality located in northeastern Illinois adjacent to O'Hare International Airport and the City of Chicago. Elk Grove Village encompasses 10.9 square miles (28 km) in land area with 10.5 square miles (27 km) located in Cook County and 0.4 square miles (1.0 km) located in DuPage County, Illinois. The population was 34,727 at the 2000 census. As the name suggests, Elk Grove Village is home to a small herd of elk kept in a grove at the eastern edge of the Busse Woods forest preserve. However, elk are not native to the area, and the name "Elk Grove" actually comes from a mispronunciation of the Native American name for the place. Furthermore, the original elk herd was brought from Montana by an early resident, Busse, in the 1920s.