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.
Houghton Lake is an unincorporated community in Roscommon Township, Roscommon County in the U.S. state of Michigan. The Census Bureau has defined a census-designated place (CDP) for statistical purposes with the same name. The population was 3,749 at the 2000 census. The community is situated on the southwest shore of Houghton Lake. The CDP includes the nearby community of Houghton Lake Heights, which is about one mile northwest along the shore of the lake. M-55 runs through both communities. The community of Prudenville is adjacent to the CDP on the east, at the southeast end of the lake. US 127 passes just west of the communities. A small portion of the CDP area extends into Lake Township to the north.