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.
Romeo is a village in Macomb County in the U.S. state of Michigan. The population was 3,721 at the 2000 census. The village is situated at the southeast corner of Bruce Township, with a portion extending south into Washington Township. Armada Township is adjacent to the east and Ray Township to the southeast. Romeo is located on the exurban fringe of the Detroit metropolitan area, and many of its residents commute to jobs closer to the city. Romeo once served as a hub for the timber industry, and many wealthy timber families resided there. Dozens of stately Victorian mansions survive. Romeo is distinct in the area for having a fairly robust traditional downtown which has never seen a major fire. Because of this, there are stores and restaurants downtown that have original tin ceilings from as long ago as the Civil War. Romeo was also an early participant in the automobile industry, serving as home to the Detroit Auto Vehicle Company from 1904 until 1908. Romeo is known for its Peach Festival, which takes place every year during Labor Day Weekend.