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.
Chelsea is a city in Washtenaw County in the U.S. state of Michigan. The population was 4,398 at the 2000 census, at which time it was a village. In March 2004, by a 995-226 vote, residents approved a change in municipal status from a village into a city. Residents no longer pay property taxes to adjacent Lima Township and Sylvan Township as they had under the village government. The city provides all services formerly provided by both village and township governments.