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.
Orland Park is a village in Cook County, Illinois, United States; it also extends slightly into Will County. The population was 51,077 at the 2000 census, and estimated to be 55,461 as of 2005. The office of the Assistant Village Manager, Ellen Baer, states that the Will County section of Orland Park is industrial while the Cook County section is residential. The ZIP code is 60462 for most of the city, and 60467 for the outlying areas of town near the Will County border. In 2006, Orland Park was awarded the title of "45th Best Place to Live In America" by Money magazine. Facilities include hiking and biking trails, wildlife refuges, greenbelts, a Sportsplex and an aquatic center, Lake Sedgewick, an ice arena, golf courses, playing fields and parks, and more. There are more than 70 malls, plazas and shopping centers, with additional shopping under construction, and more than 200 food-serving establishments. There is a variety of housing, including single-family homes, townhomes, condominiums and apartments. Situated 25 miles southwest of Chicago, Orland Park provides access to several interstate highways, with the I-80 east-west coast connector as its southern border. Metra’s commuter rail system links residents to Chicago’s Loop, and thereby to O’Hare and Midway airports.