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.
Aldrich is a city in Wadena County, Minnesota, United States, along the Partridge River. The population was 53 at the 2000 census. The small community holds the distinction as the first permanent settlement in Wadena County and the first to establish a post office. It is also home to the first Catholic church in the area, established in 1870, as a mission church.