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.
Pekin is a city in Tazewell County, Illinois. Located on the Illinois River, it is the county seat and largest city of Tazewell County, and a key part of the Peoria metropolitan area. As of the 2000 census, its population is 33,857. Pekin has a large park with a lagoon, Mineral Springs Park, located near Pekin Hospital and a senior center. Pekin is home to a high-rise residential facility of the United Auto Workers. It is the home of the minimum-security Pekin Federal Correctional Institution. A regional insurance company, Pekin Insurance, has its home office in Pekin.