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.
Penokee is an unincorporated community in Graham County, Kansas, United States, in the Solomon Valley. It was founded by Ben Chadsey and was originally established under the name of Reford in 1888. It grew from the Union Pacific Railroad going through town. Because the town became mistaken for Rexford, Kansas, the residents renamed their town after the Penokee Mountains near Lake Superior.