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.
Saginaw is an unincorporated community and settlement in Saint Louis County, Minnesota, United States. Saginaw is located immediately northwest of the city of Duluth on U.S. Highway 53. U.S. 53, U.S. 2, State Highway 33, and State Highway 194 are four of the main arterial routes in the Saginaw area. Parts of Grand Lake Township and Industrial Township are known as Saginaw.