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.
Clayton is a village in Lenawee County of the U.S. state of Michigan. As of the 2000 census, the village population was 326. The village is situated on the boundary between Hudson Township on the west and Dover Township on the east, with a portion of the village in each. M-34 (or W. Carleton Rd. ) passes along the south side of the village, while M-156 has its northern terminus at the junction with M-34. The road, also known as Morey Highway, continues north through the village.