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.
Pengilly is a small unincorporated community in eastern Itasca County, Minnesota, United States. Located in the northern part of the state, it lies in the Iron Range region at the northern end of Swan Lake. Pengilly is located between Grand Rapids and Hibbing at the junction of U.S. Route 169 and Minnesota State Highway 65.