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.
Oak Lawn is a village in Cook County, Illinois, United States. The population was 55,245 at the 2000 census. Oak Lawn is a suburb of the city of Chicago, located southwest of the city. It shares borders with the city in two areas, but is surrounded mostly by other suburbs independent of Chicago.