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.
Belmond is a city in Wright County, Iowa, United States. It is located along U.S. Highway 69, 14 miles by road from Clarion, the county seat. The population was 2,560 at the 2000 census. On October 14, 1966, an F5 tornado ripped apart the community, destroying or damaging about 600 homes and 75 businesses. Six people were killed and large swaths of the town were left in ruins.