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.
Pine Island is a city in Goodhue and Olmsted counties in the U.S. state of Minnesota. The population was 2,337 at the 2000 census. Most of Pine Island is in Goodhue County, but a small part extends into Olmsted County. The community has a strong agricultural base, but has been transitioning over time into a bedroom community for nearby Rochester which employs many local residents. The small town was temporarily thrown into the national spotlight in 2002 for having been the home town of the Midwest pipe bomber Luke Helder.