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.
Gilmore City is a city in Humboldt and Pocahontas Counties in the U.S. state of Iowa. The population was 556 at the 2000 census. The town was originally known as Blooming Prairie but the name was changed to Gilmore City in the early 1880s. It was named for C. N. Gilmore who was the superintendent of the Chicago, Rock Island, and Pacific Railroad (CRI & P). The town was incorporated in 1887.