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.
Oran is an unincorporated community in southwestern Fayette County, Iowa, United States. It lies along local roads southwest of the city of West Union, the county seat of Fayette County, and west of the city of Oelwein, the largest city in Fayette County. Its elevation is 1,043 feet (318 m). Although Oran is unincorporated, it has a post office with the ZIP code of 50664.