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.
Soudan is an unincorporated community in Breitung Township, St. Louis County, Minnesota, United States. The community is located immediately east of the city of Tower on Minn. Highway 169 / Minn. Highway 1. It is the home of McKinley Park, a state park and campground named in honor of the 25th President of the United States, William McKinley. The Soudan Underground Mine State Park is located nearby. The park contains the University of Minnesota's Soudan Underground Laboratory which houses detectors, including MINOS, over 700 meters below the surface of the Earth. Although it is unincorporated, Soudan has a post office, with the ZIP code of 55782.