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.
Posen is a village in Presque Isle County of the U.S. state of Michigan. As of the 2000 census, the village population was 292. The village is located within Posen Township. Posen has a strong Polish background and is home to the Posen Potato Festival, held every year on during the first weekend after Labor Day, with potato pancakes and polka dancing. Posen has a branch of the Presque Isle Library.