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.
Wayne is a village in DuPage and Kane County, Illinois. The eastern portion, in Dupage County, is in Wayne Township while the western portion, in Kane County, is in St. Charles Township. The population was 2,137 at the 2000 census. In the late 19th and early 20th century, Wayne was a prominent center of horse breeding and farming research. The community was known for breeding French Percheron horses, a draft horse similar to a Clydesdale.