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.
Potomac is a census-designated place (CDP) in Montgomery County, Maryland, United States, named for the nearby Potomac River. The population was 44,822 at the 2000 census. The Potomac area is known for its very affluent and highly-educated residents. CNNMoney. com placed Potomac seventh on its list of top-earning American towns for 2008, one place ahead of neighboring McLean, Virginia. Potomac is also the seventh top-educated American small town according to Forbes. Many Potomac residents work in Washington, D.C..