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.
Chapin is an unincorporated community in northern Franklin County, Iowa, United States. It lies along local roads just off U.S. Route 65, north of the city of Hampton, the county seat of Franklin County. Its elevation is 1,155 feet (352 m), and it is located at 42°50′1″N 93°13′20″W / 42.83361°N 93.22222°W / 42.83361; -93.22222 (42.8335814, -93.2221464). Although Chapin is unincorporated, it has a post office with the ZIP code of 50427, which opened on 29 February 1860.