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.
Baileyville is a town in Washington County, Maine, United States. The population was 1,686 at the 2000 census. Within the town is the census-designated place of Woodland. The town was originally settled by Quakers in 1780. In 1830, Ezekiel Bailey began commercial manufacture of oilcloth in 1830, when it was made by hand. The business flourished and expanded until it comprised several factories, which were burnt down in 1921.