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.
Walcott is a city in Muscatine and Scott counties in the U.S. state of Iowa. The population was 1,528 at the 2000 census. Walcott's interchange on Interstate 80 is home to an enormous complex of restaurants, motels and truck stops, including the Iowa 80 truck stop which is the world's largest. Most of Walcott is part of the Davenport–Moline–Rock Island, IA-IL Metropolitan Statistical Area, but the Muscatine County portion of the city is considered part of the Muscatine Micropolitan Statistical Area.