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.
Oglesby (zip code 61348) is a city in LaSalle County, Illinois, United States. The population was 3,647 at the 2000 census. It is part of the Ottawa–Streator Micropolitan Statistical Area. Oglesby is located near the confluence of the Illinois River and the north-flowing Vermilion River. It was originally called "Portland", due to the cement mined and manufactured in the area that was similar to Portland Cement from England. It was renamed in honor of Richard Oglesby, a former Governor of Illinois. The surface ground layers around Oglesby has excellent exposed limestone and coal, as well as riverine transport. It soon became an important center for cement manufacture. The term "Portland cement" refers to the cement developed in England; that made in early Oglesby was almost identical. Illinois Valley Community College and Oglesby Washington Public School are located in Oglesby.