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.
Arcadia is a town in and the parish seat of Bienville Parish in north Louisiana, United States. The population was 3,041 at the 2000 census. Pilgrim's Pride, a poultry company, announced early in 2009 the closure of its feed mill in Arcadia as well as the ending of other operations in nearby Athens in Claiborne Parish, Choudrant in Lincoln Parish, and Farmerville in Union Parish. The impact cost North Louisiana a combined 1,300 jobs. Several weeks later, however, Pilgrim's Pride accepted an $80 million offer from Foster Farms of California to purchase the operations. In addition, to the 1,300 direct jobs, mostly in Farmerville, the purchase spares the small farms of some three hundred independent growers. Foster Farms put up $40 million and the State of Louisiana a matching $40 million. Foster Farms will further invest $10 million in capital improvements at the Farmerville plant, to be matched by the state, in an agreement announced by Governor Bobby Jindal. In 1934, the corpses of the young fugitives Bonnie and Clyde were brought for embalming to the former Conger Funeral Home in Arcadia, the couple having been shot to death in a volley of bullets from six law-enforcement officers from both Bienville Parish and Dallas County, Texas. The bodies were then sent to Dallas for separate funerals and interments. The ambush occurred southwest of Arcadia on Louisiana State Highway 154 between Gibsland and Sailes. The focus of tourism regarding Bonnie and Clyde has been at Gibsland, where L.J. "Boots" Hinton, son of posse member Ted Hinton, operates the Bonnie and Clyde Ambush Museum.