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.
Woodridge, Illinois is a suburban city of Chicago, located primarily in DuPage County, with portions in Will County and Cook County, Illinois in the United States. It uses the 630 and 331 area codes. The population was 30,934 at the 2000 census. A special census commissioned in 2003 put the population at 33,253. Woodridge is the home of the Morey Corporation, a campus of Westwood College, Wilton Industries, Pabst Brewing Company and the Seven Bridges golf course and housing development. Woodridge was incorporated on August 24, 1959 with less than 500 residents, on a wooded area of high ground overlooking the DuPage River's East Branch. Woodridge is a young community with the vast majority of its homes, businesses, and churches constructed after the 1950s. Woodridge was founded by a housing developer, Albert Kaufman, who was largely responsible for the creation of the village. In July 2007, Woodridge was ranked #61 on Money Magazine's, 100 Best Places to Live.