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.
Lake Orion (pronounced OR-ee-un) is a village in Oakland County in the U.S. state of Michigan. The population was 2,715 at the 2000 census. "Lake Orion" is often used to describe both the village and the much larger Orion Township, of which the village is a part. The village and township are home to Lake Orion High School, Bald Mountain State Park, Indianwood Golf and Country Club, Canterbury Village, the Scripps Mansion, and a General Motors manufacturing plant, Orion Assembly. Lake Orion originated as a resort town and over time has incorporated elements of a bedroom community.