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.
Norborne is a city in Carroll County, Missouri, United States. The population was 805 at the 2000 census. Norborne was founded in 1868 by Norborne B. Coats a civil engineer for the railroad. The town has numerous small businesses, but is mostly an agricultural community. Norborne is the self-proclaimed Soybean Capital of the World and holds a Soybean Festival every year during the weekend of the second Saturday in August. The Festival begins on Thursday evening and concludes on Saturday night. In June 2009, Norborne, Missouri got hit by straight-line winds in excess of 74 mph which severely damaged buildings, homes and property.