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.
Northeast Harbor is a village on Mount Desert Island, located in the town of Mount Desert in Hancock County, Maine, United States. It is one of the more remote villages on the island and does not experience the same crunch of tourist activity found in the neighboring town of Bar Harbor. It is recognized as one of the prettiest villages on the coast of Maine, highlighted by a remarkably beautiful harbor filled in summertime with spectacular motor yachts and sailing ships. The town of Mount Desert has a significant summer population, and has long been a quiet enclave of the rich and famous. Residents include David Rockefeller (Seal Harbor), Martha Stewart (Seal Harbor), and the late Brooke Astor and Barbara Bel Geddes. The village was so popular as a summer resort among Philadelphians that it was sometimes known as "Philadelphia on the rocks". The local waters are dotted with charming islands and offer some of the finest sailing conditions in New England. People are drawn to the cooler weather and activities found in Acadia National Park which literally surrounds the village with its thick pine forest crisscrossed by miles of hiking trails and carriage paths.