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.
Paw Paw is a village in Lee County, Illinois, United States. As of the 2000 census the village was home to 852 people. It was settled in the mid 19th century and by 1878 the village had a railroad connection. Paw Paw is home to a house which is listed on the U.S. National Register of Historic Places and was the recipient of a 2005 federal grant to construct a water tower.