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.
Traer is a city in Tama County, Iowa, United States. The population was 1,594 at the 2000 census. James "Tama Jim" Wilson lived in Traer after serving as U.S. Secretary of Agriculture and was buried in a cemetery northwest of the town in 1920. Traer is known for the iron winding staircase that originally led to the office of the local newspaper. The staircase is freestanding, reverse-spiral and connected to the building with a suspended walkway, a somewhat rare arrangement.