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.
Forbes is an unincorporated community in St. Louis County, Minnesota, United States. The community is located southwest of the city of Eveleth at the junction of County Highway 7 and County Highway 16 Forbes is located on the boundary line of Clinton Township and McDavitt Township.