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.
Shakopee is a city southwest of downtown Minneapolis in the U.S. state of Minnesota and is the county seat of Scott County. Located on the south bank bend of the Minnesota River, Shakopee and nearby suburbs comprise the southwest portion of Minneapolis-Saint Paul, the sixteenth largest metropolitan area in the United States. The U.S. Census Bureau estimated the city's population at 33,460 in 2007. The river bank's Shakopee Historic District contains burial mounds built by prehistoric cultures. In the 17th century, Chief Shakopee of the Mdewakanton Dakota established his village on the east end. Trading brought about the city's establishment in the 19th century and Shakopee boomed as a commerce exchange site between river and rail at Murphy's Landing. Once an isolated city competing in the Minnesota River Valley, by the 1960s its economy shifted to the expanding metropolitan area. Significant growth as a bedroom community occurred after U.S. Highway 169 was realigned in 1996 toward the new Bloomington Ferry Bridge. The city is currently known for the metro area's largest attractions, Valleyfair! amusement park and the Canterbury Park horse racetrack. The Minnesota Renaissance Festival is associated with Shakopee though is located in nearby Louisville Township.