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.
Clear Lake is a city in Cerro Gordo County, Iowa, United States. The population was 8,161 at the 2000 census. The city is named for the large lake on which it is located. It is the home of a number of marinas, state parks and tourism-related businesses. Clear Lake is also a major stop on Interstate 35 with many restaurants, hotels and truck stops. Nelson P. Crabb was elected mayor of Clear Lake in 2005 and began his term as mayor in January 2006. Clear Lake is part of the Mason City Micropolitan Statistical Area.