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.
Pierson is a village in Montcalm County of the U.S. state of Michigan. As of the 2000 census, the village population was 185. The village is within Pierson Township. In 1856, David S. Pierson acquired forty acres of land here. With Dexter Clark and John L. Shar, Pierson founded the community while it was still part of Mecosta County. Pierson opened the first post office in his home on January 29, 1857. It was platted in 1870 and incorporated as a village in 1873.