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.
Tracy is an unincorporated community in eastern Marion County, Iowa, United States. It lies along local roads east of the city of Knoxville, the county seat of Marion County. Its elevation is 784 feet (239 m). Although Tracy is unincorporated, it has a post office with the ZIP code of 50256, which opened on 31 January 1876. Tracy was laid out in October 1875 by Capt. Alexander F. Tracy and S. Merrill.