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.
Moorhead is a city in Clay County, Minnesota, United States, and the largest city in northwest Minnesota. The population was 32,177 at the 2000 census. It is the county seat of Clay County. Moorhead was platted in 1871 and a permanent name was assigned to the town on October 6, 1871. Moorhead is bordered on the west by the Red River of the North and city of Fargo, North Dakota. On the east, Moorhead is bordered by Dilworth, Minnesota. Together along with West Fargo, North Dakota, the communities comprise the core of the Fargo-Moorhead metropolitan area, which has an estimated 2008 population of around 195,685 residents.