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.
Athens is a village in Claiborne Parish, Louisiana, United States. The population was 262 at the 2000 census. The Pilgrim's Pride poultry hatchery in Athens was designated for closure early in 2009, along with other company businesses in nearby Arcadia in Bienville Parish, Choudrant in Lincoln Parish, and Farmerville in Union Parish, where the company maintained a processing and protein conversion plant. 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.