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.
Franklin Township is one of the nine townships of Marion County, Indiana, United States. Located in the southeast corner of the county, it has been subsumed into the city of Indianapolis along with most of the rest of the county. It contains the communities of Acton, Wanamaker, and the eastern portion of the excluded city of Beech Grove. Franklin Township is one of the last areas in Marion County to see heavy suburban land development from the outward expansion of Indianapolis. This is primarily because of a history of family farms in the area, but is also due to various civic efforts to maintain a rural atmosphere in the area over time. In recent years, Franklin Township has seen a population explosion that has substantially contributed to property tax hikes to support public school development. The population of the township in 2008 was 36,160. Franklin Township Community School Corporation is the public school district that serves all of Franklin Township.