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.
Hinsdale is an affluent Chicago suburb located partly in Cook County and mainly DuPage County in the U.S. state of Illinois. The population was 17,349 at the 2000 census. The town's ZIP code is 60521. The town has a rolling, wooded topography, with a quaint downtown that contains boutique shops and restaurants, and is a 20-minute train ride to downtown Chicago on the BNSF Railway Line. Hinsdale is also known for its excellent public school system, ranked among the best on all levels in the state of Illinois. In 2005, all its elementary schools were ranked in the top 25 in the state.