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.
Elberta is a village in Benzie County in the U.S. state of Michigan. The population was 457 at the 2000 census. The village located in the east of Gilmore Township, on the south side of Lake Betsie, which is formed by the Betsie River before flowing into Lake Michigan. The village is on M-22 just south of Frankfort. M-168, one of the shortest state highways in Michigan, extends 0.95 miles from a junction with M-22 in downtown Elberta to the former Ann Arbor Railroad ferry docks in Elberta. Elberta was first settled in 1855 and incorporated as South Frankfort in 1894. It was renamed Elberta in 1911 for the local Elberta peach. The village's founder is said to be George M. Cartwright.