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.
Joliet is a city in Will and Kendall Counties in the U.S. state of Illinois, located 40 miles (64 km) southwest of Chicago. It is the county seat of Will County. The city’s population at the time of the 2000 U.S. Census was 106,221. Based on the population estimates as a result of a 2008 Special Census, Joliet boasts 152,812 residents. It continues to be Illinois' fastest growing city and one of the fastest growing in the United States. Back when Joliet was first planned in the early 1830s, it was still in Cook County. In 1836, it became the county seat of the new Will County.