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.
Old Mission Point is an unincorporated community within Peninsula Township, Grand Traverse County in the U.S. state of Michigan. In the 1836 Treaty of Washington, the U.S. federal government agreed to provide local native tribes with both a mission and schools for their reservation. Henry Schoolcraft, the Indian agent representing the government, selected a natural harbor on the eastern shore of the peninsula in Grand Traverse Bay for the planned facilities. In 1838 the Presbyterian Board of Missions, sent the Reverend Peter Dougherty (1805-1894) to establish the mission, now known as Old Mission, for which the peninsula would eventually become known. The peninsula has extensive cherry orchards and vineyards. There are seven vineyards, but only five have tasting rooms. Because of the remoteness of the peninsula, wine tours take some planning. It is an American Viticultural Area and a center of the Michigan wine industry. See Old Mission Peninsula AVA. The Old Mission Point Lighthouse is located at the northern terminus of M-37, at the tip of the Old Mission Peninsula, which juts 18 miles into Grand Traverse Bay. It is located at 44°59′7″N 85°28′24″W / 44.98528°N 85.47333°W / 44.98528; -85.47333, just south of the 45th parallel north, midway between the North Pole and the Equator. There are two signs that denote the location on the 45th parallel. It is one of 26 places in the U.S.A. where such signs are known to exist.