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.
Senatobia is a city in and the county seat of Tate County, Mississippi, United States, and is the 15th largest municipality in the Memphis Metropolitan Area. The population was 6,682 at the 2000 census. Senatobia is the home of Northwest Mississippi Community College, a state community college that provides two year academic and technical degree programs. Northwest's system-wide enrollment exceeds 6,200 on three campuses in Senatobia, Southaven, and Oxford. Senatobia is also the home of The Baddour Center, a residential care facility for mild to moderately mentally retarded adults. On April 13, 1834 early settler James Peters purchased two sections of land from the Chickasaw Nation for the sum of $1.25 per acre. The land purchased later became the town of Senatobia. The name Senatobia, given by Charles Meriweather, was derived from the Indian word Senatohoba, which means “White Sycamore”--a symbol of "rest for the weary. " Senatobia received its charter as a municipality in 1860, thirteen years prior to the creation of Tate County and one year prior to the outbreak of the Civil War, during which the town's business section was burned twice by Federal Troops. The city's zip code is 38668.