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.
Southfield is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is part of the Metro Detroit area. As of the 2000 census, the city had a total population of 78,296. Southfield Township is adjacent to the city on the north side. A part of Metro Detroit's upscale office market, the city's marque is a cluster of five golden skyscrapers that form the contemporary 2,200,000 square feet (204,400 m) Southfield Town Center office complex with a Westin Hotel and a conference center. In addition, a 33-story luxury residential high-rise is separate from the complex. Southfield has other skyscrapers. To the west, near the confluence of I-696/Reuther Freeway and M-10/Lodge Freeway, is the American Center.