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.
Wayland is a city in Allegan County in the U.S. state of Michigan. The population was 3,939 at the 2000 census. The city is located at the northwest corner of Wayland Township, but is politically independent. The city has also incorporated a portion of land in the south of adjacent Leighton Township. U.S. Route 131 forms the western boundary of the city. A portion of Gun Lake also resides in Wayland, which is a popular summer time area because of the so called "Party Island" that resides in the very large lake. Al Capone actually owned a house overlooking the vast lake front.