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.
Minnesota Lake is a city in Blue Earth and Faribault counties in the U.S. state of Minnesota. The population was 681 at the 2000 census. The bulk of the city is in Faribault County; only a small part extends into Blue Earth County. Minnesota Lake was first called Marples in 1858 after an early settler of the area. It was later changed to Minnesota Lake in 1866. The small Blue Earth County portion of Minnesota Lake is part of the Mankato–Metropolitan Statistical Area.