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.
Lake Forest is a city located in Lake County, Illinois, United States. The population reached 21,300 according to data collected by CNN Money in 2008. The city is south of Waukegan, Illinois, on the shore of Lake Michigan, and is a part of the Chicago metropolitan area and the North Shore. Lake Forest was founded around its college and laid out as a town in 1857 as a stop for travelers making their way south to Chicago. The Lake Forest City Hall, designed by Frost and Granger, Architects, was completed in 1898 and housed the fire department, Lake Forest Library, and city offices. The headquarters of Tenneco, Brunswick, and Hospira are in Lake Forest; Also Coyote Logistics has its headquarters in downtown Lake Forest. W.W. Grainger, Inc. and BFG Technologies are located in unincorporated Lake County, near Lake Forest. The Chicago Bears training facility and headquarters, Halas Hall, opened in 1997 in west Lake Forest, and the Chicago Fire now train at the Bears' previous facility located on the campus of Lake Forest College. Robert Redford filmed Ordinary People, the story of a Lake Forest family, on location in 1980, and the movie went on to win the Academy Award for Best Picture. Silver medal Olympian Matt Grevers, Actor Vince Vaughn, author Dave Eggers, and musician Andrew Bird graduated from Lake Forest High School.