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.
Frazee is a city in Becker County, Minnesota, United States. It is the second most populous city in Becker County. The population was 1,377 at the 2000 census. Originally named Detroit and later Third Crossing before adopting its present name of Frazee, the plat of the old town site was made on May 27, 1857. With Becker County not formally organized until 1871, it was the earliest settlement in the area. The city was officially incorporated on January 6, 1891. It was named after R.L. Frazee, an early settler who moved his milling business from Ohio to the early settlement that today bears his name. Today it is best known as the home of "Big Tom: the World's Largest Turkey."