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.
Alexandria is a city in Monroe Township, Madison County, Indiana, United States. It is about 46 miles (74 km) northeast of Indianapolis. It is part of the Anderson, Indiana Metropolitan Statistical Area. Its population, as of 2000 is 6,260, according to the United States Census. Alexandria is served by the Norfolk & Southern Railway with a connector which allows rail traffic to flow smoothly between lines servicing east-west and north-south destinations. In the city are a Carnegie library and Beulah Park of 24 acres (97,000 m²) & home of the Madison County "4H Fair". The city is located in rich farm country, which produces corn, oats and wheat; and is in the Indiana natural gas region, to which fact it owed its growth as a manufacturing centre. It was one of the principal seats of the glass industry in Indiana-- plate glass, lamp chimneys, mirrors, &c. , were once manufactured here. The municipality owns and operates the water-works as well as the city schools. Alexandria was founded in 1836 and was chartered as a city in 1893. Alexandria is also known as "Small Town USA" and holds an annual festival to honor this heritage. Famous residents include Bill and Gloria Gaither, winners of four Grammys. Gaither Studios is a very busy recording center for different types of music. It is especially known for producing Gospel music. Alexandria is home to what is lauded by the Guinness Book of World Records as the world's largest ball of paint. It is also the home of a community band which draws musicians from several neighboring communities.