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.
Harbor Springs is a city in Emmet County in the U.S. state of Michigan. The population was 1,567 at the 2000 census. Harbor Springs is in a sheltered bay on the north shore of the Little Traverse Bay on Lake Michigan. The Little Traverse Lighthouse is a historic lighthouse on the Harbor Point peninsula that forms the natural harbor there. M-119 connects with US 31 seven mile east and south at Bay View, with Petoskey just five miles away on the south side of the harbor. The area is known for its historic summer resorts, such as Wequetonsing, which was founded by Illinois businessmen and lawyers Henry Stryker, III, and Henry Brigham McClure, both of whom were interconnected with the Jacob Bunn industrial dynasty of Illinois.