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.
Big Bay is an unincorporated community in Marquette County of the U.S. state of Michigan. It is a census-designated place (CDP) for statistical purposes and does not have any legal status as an incorporated municipality. As of the 2000 census, the CDP population was 265. The community is located within Powell Township near the shore of "Big Bay" on Lake Superior. Although the Big Bay community is served by the Marquette ZIP code 49855, the Big Bay post office with ZIP code 49808, serves a much larger area to the west and south of the community and CDP, including portions of Powell Township as well as Ishpeming, Champion, Michigamme, and Ely townships.