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.
Ironwood is a city in Gogebic County in the U.S. state of Michigan, about 18 miles (29 km) south of Lake Superior. The population was 6,293 at the 2000 census. The city is on US 2 and is situated opposite the Montreal River from Hurley, Wisconsin. It is the westernmost city in Michigan, situated on the same line of longitude (90.2 degrees West) as St. Louis, Missouri. While originally an iron mining town, the area is now known for its downhill skiing resorts, including Big Powderhorn, Blackjack, Indianhead, Mount Zion and Whitecap as well as its cross country skiing at the Wolverine Nordic Trail System and Active Backwoods Retreats (ABR) Trails. Ironwood is home of the "World's Tallest Indian" : a 52 ft (15.8 m) fiberglass statue of tribal leader Hiawatha. The city is at the south end of Ironwood Township, but is administratively autonomous.