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.
Drayton Plains is an unincorporated community in the U.S. state of Michigan. It was first settled in 1823. A dam and gristmill was built in 1837 and the Drayton Plains Hotel was built in 1839. It was platted in 1860, but never incorporated as a municipality and its identity has been largely subsumed within that of Waterford Charter Township. It is located on Dixie Highway around the west end of Loon Lake at 42°41'03" N, 83°22'38" W. Brookfield Academy, originally founded as the Laurel Montessori School in 1964 in Drayton Plains, was the first Montessori school in Michigan. An old fish hatchery is now the Drayton Plains Nature Center. Drayton Plains was informally referred to as a village and maintained its own identity and post office until the early 1990s when the post office was closed and functions transferred to the Waterford Post Office. The current ZIP code for the community is 48330.