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.
Putnamville, Indiana is an unincorporated community in Warren Township, Putnam County, Indiana, located on U.S. Route 40 at the intersection of State Road 243. Putnamville was named after Revolutionary War hero and Putnam County namesake, Israel Putnam. Located in Putnamville is the Lincoln Park Speedway, which features different types of oval-track dirt racing, including sprint cars, and is held every Saturday evening throughout the spring, summer and fall. Also located just a half mile west of Putnamville is the Putnamville Correctional Facility, also known as "the state farm". One interesting fact about Putnamville: not only did Abraham Lincoln come through on his way to Springfield, Illinois on the old national trail (now US 40), he stayed the night in a small hotel, which is still there today, located just a few blocks behind the post office.