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.
Suttons Bay is a village in Leelanau County in the U.S. state of Michigan. The population was 589 at the 2000 census. The village was incorporated in 1898 and is located within Suttons Bay Township. The community is named for one of the first settlers of European decent, Harry C. Sutton, who arrived in 1854. He arrived with a crew of woodsmen to supply fuel for passing wood steamboats. In 1903 the Traverse City, Leelanau, and Manistique Railroad began a route between Traverse City to the South and Northport to the North, stopping at Suttons Bay, as well as Hatch's Crossing, Fountain Point, Bingham, Keswick, and Omena. Before the turn of the 20th century, four churches had been established—two Lutheran, one Catholic, and one Congregational. In 1920, Leelanau County voters approved moving the county seat to Suttons Bay, but the move never took place. Suttons Bay has a school; the sports mascot is a Viking, hence the nickname "Suttons Bay Norsemen. " The town is home to the county's only movie theater, opened in 1946. It is now owned by Bob Bahle, and was renovated in 1977. Its fare consists of unique art house films, and occasionally the theater hosts plays & concerts. The town has a clothing store that has been owned by one family over four generations called "Bahles. " The original store started as a "dry-goods" business in 1876 by Lars Bahle, an immigrant from Norway. Anna Hawkins married Patrick Hawkins in 1943 and moved to the family farm located four miles south of town while Patrick served in the U.S. Army in Italy. Activities in Suttons Bay include the Suttons Bay Jazzfest and the Suttons Bay Art Festival. Suttons Bay also is highly embedded in the cherry industry, producing sweet and tart cherries of many varieties. Harvest operations usually take place in mid-July and run sometimes into August.