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.
The village of Steger (35 miles south of Chicago) lies along the dividing line on the south end of Cook County and north end of Will County in the U.S. state of Illinois. The population was 9,682 at the 2000 census, and estimated to be 10,409 as of 2005.