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.
Gaastra is a city in Iron County in the U.S. state of Michigan. As of the 2000 census, the city population was 339. The city is named after Douwe Gaastra, a building contractor and real estate speculator who bought the land in October 1908 and platted the town. It was incorporated as a village in 1919 and as a city in 1949. Bucky Holm is the current mayor of Gaastra.