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.
Seneca is a village in LaSalle and Grundy counties in the U.S. state of Illinois. The population was 2,053 at the 2000 census. The LaSalle County portion of Seneca is part of the Ottawa–Streator Micropolitan Statistical Area, while the small portion that lies in Grundy County is part of the Chicago–Naperville–Joliet Metropolitan Statistical Area. Seneca is home to the LaSalle County Generating Station, a nuclear power plant.