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.
Gray Summit is a census-designated place (CDP) in Franklin County, Missouri, United States. The population was 2,640 at the 2000 census. Also called Gray's Summit, it was founded by Daniel Gray of New York who built a hotel here in 1845. This community was the highest point on the Missouri Pacific Railroad between St. Louis, Missouri and Kansas City, Missouri; a railroad tunnel runs underneath the community. It is located on Interstate 44 and is home to Purina Farms and the Shaw Nature Reserve.