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.
Mount Carmel is the county seat of Wabash County, Illinois. At the time of the 2000 census, the city population was 7,982, while the next largest town in Wabash County is Allendale, Illinois, population 528. The city, sitting at the confluence of the Wabash River, the Patoka River and the White River, Mount Carmel borders both Gibson and Knox Counties of Indiana. A small community known informally as East Mount Carmel sits near the mouth of the Patoka River on the opposite side of the Wabash River from Mount Carmel. Mount Carmel is 5 miles (8.0 km) northeast of the Forest of the Wabash, a National Natural Landmark within Beall Woods State Park and about a mile north-northeast of one of its main employers, the Gibson Generating Station. Mount Carmel is also the home of Wabash Valley College, part of the Community College System of Eastern Illinois.