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.
Otsego is a city in Allegan County in the U.S. state of Michigan. The population was 3,934 at the 2000 census. The city is within Otsego Township, but is administratively autonomous. Otsego is situated on M-89 about three miles west of Plainwell and US 131. It is about nine miles southeast of Allegan and the Kalamazoo River flows east to west through the city.