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.
Assonet is one of two villages in the town of Freetown, Massachusetts in Bristol County, Massachusetts, United States. An original part of the town, Assonet was settled in 1659 along with the city of Fall River, then a part of Freetown. It rests on the banks of the Assonet River. As of the 2000 census, the village had a total population of 4,084; up from 3,614 in 1990.