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.
Powers is a village in Menominee County in the U.S. state of Michigan. The population was 430 at the 2000 census. It was named for John Powers, a bookkeeper for a logging company that came into the area in the late 19th century. Powers is part of the Marinette, WI–MI Micropolitan Statistical Area.