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.
Lenox Dale is a village in Lenox, Massachusetts, United States at the border of the town of Lee, along the Housatonic River. It is a small village, but a village nonetheless with its own post office (zip code 01242), school, two stores, and a Catholic church. The main street in the town is Crystal Street. In older times, it depended upon the river to provide power for its paper mills. More recently the largest employer was Lenox Machine Company, which made paper industry equipment. Lenox Machine was acquired by Beloit Corp in 1979, which was acquired by Harnischfeger of Germany, which went bankrupt in 1999. It is apparently now a part of Groupe Laperrière & Verreault (GLV) of Canada.