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.
Hersey is a village in Osceola County in the U.S. state of Michigan. The population was 374 at the time of the 2000 census. The village is located within Hersey Township. Hersey is a small rural community that started as a lumber town in the early 1800s. The Hersey General Store, which was established in 1869, was lost to an arson fire on Labor Day 2008. The commercial district now consists of nothing, since a sole gas station/pizza house, the Hersey Party Store closed summer of 2009. The beautiful Rails to Trails bike and winter sports path passes through Hersey, running immediately to Reed City on the western side, and to Evart on the eastern. The village and a locally-run campground, Blodgett Landing, (www. blodgettlanding. com), are located at the confluence of the Hersey and Muskegon Rivers, two of the best trout streams in the state of Michigan. Located on the eastern edge of town lies a bridge with a clearance of 20 feet over the Muskegon River. This bridge-jumping-enthusiast's dream has long been a popular bridge-jumping site for youngsters and older on hot summer days.