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.
For other places called Wilmington, see Wilmington (disambiguation) South Wilmington is a village in Grundy County, Illinois, United States. The population was 621 at the 2000 census. Although the name might indicate close proximity to the city of Wilmington, South Wilmington is in fact approximately 11 miles southwest of Wilmington, and is separated from it by several communities, including Gardner, Braceville, Godley, and Braidwood.