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.
Ringwood is a village in McHenry County, Illinois, United States. The Ringwood post office was established in the early 1900s to provide post office boxes for local industrial firms and residents located on the far northern edge of McHenry. In the late 1980s, Johnsburg, which has no post office, annexed major portions of unincorporated McHenry County. Ringwood was incorporated as a village on 15 November 1994 in an attempt to maintain its small-town environment. The population was 471 at the 2000 census.