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.
Park Forest is a village located south of Chicago in Cook County and Will County, Illinois, United States. As of the 2000 census, the village had a total population of 23,462. Park Forest is bordered by Chicago heights and Olympia Fields to the north, South Chicago Heights and Steger to the east, Crete and University Park to the south, and Richton Park and Matteson to the west.