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.
Bad Axe is a city in the U.S. state of Michigan and the county seat of Huron County located in the Thumb region of the Lower Peninsula. The population was 3,462 at the 2000 census, making it the largest community in Huron County and second largest in the Thumb, after Caro (if Lapeer and St. Clair counties are not included). The city's unusual name dates to the time of its settlement. While surveying the first state road through the Huron County wilderness in 1861, Rudolph Papst and George Willis Pack made camp at the future site of the city and found a much-used and badly damaged axe. At Pack’s suggestion, Papst used the name “Bad Axe Camp” in the minutes of the survey and on a sign he placed along the main trail.