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.
Fraser is a city in Macomb County of the U.S. state of Michigan. The population was 15,297 at the 2000 census. The city is part of the Metro Detroit region. Fraser was established by home rule charter November 7, 1956, and adopted by the electors on December 26, 1956.