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.
Elwin is an unincorporated community in the city of Decatur, Illinois, located in Macon County, Illinois. The community is located on U.S. Route 51 in the central portion of the county. Elwin was named after its founders Elwood and Martin. As of 2009, Elwin's population is 163 people. Since the 2000 United States Census, it has had a population growth of -1.72 percent.