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.
Bay City is a city in the U.S. state of Michigan located near the base of the Saginaw Bay on Lake Huron. As of the 2000 census, the city's population was 36,817, with the 2008 census estimate placing the population at 33,874. It is the county seat of Bay County and is the principal city of the Bay City Metropolitan Statistical Area, which is included in the Saginaw-Bay City-Saginaw Township North Combined Statistical Area. The city, along with nearby Midland and Saginaw, form the "Tri-Cities" region. The city is geographically divided by the Saginaw River, and travel between the east and west sides of the city is made possible by four modern drawbridges which allow large ships to travel easily down the river. The city is served by MBS International Airport, located in nearby Freeland, and James Clements Municipal Airport.