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.
Gladstone is a city in Delta County in the U.S. state of Michigan. First settled in 1877, Gladstone's original name was Saunders Point. The population was 5,032 at the 2000 census. U.S. Routes 2 and 41 run concurrently through the city, connecting with Escanaba, nine miles to the south. US 41 runs north to Marquette and US 2 runs east to Manistique. M-35 runs northwest 52 miles to Gwinn and merges with US 2/US 41 south to Escanaba.