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.
New Castle is a city in Henry County, Indiana, 44 miles (71 km) east-northeast of Indianapolis, on the Big Blue River. In 1900, 3,406 people lived in the town; in 1910, 9,446; in 1920, 14,458; and in 1940, 16,620. The population was 17,780 at the 2000 census. The city is the county seat of Henry County. New Castle is home to New Castle Fieldhouse, the largest high school gymnasium in the world. The city is surrounded by a farming district. In the past, it was an industrial centre of some importance, where the leading manufactures included sheet iron and steel, automobiles, caskets, clothing, scales, bridges, pianos, furniture, handles, shovels, lathes, bricks, flour, etc. New Castle Correctional Facility, with a capacity of over 2,000 inmates, is located just north of the city.