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.
Belfry is a census-designated place (CDP) in Carbon County, Montana, United States. It is part of the Billings, Montana Metropolitan Statistical Area. The population was 219 at the 2000 census. It is located approximately 11 miles from the Wyoming border, roughly halfway between Billings, Montana and Cody, Wyoming. Belfry is predominantly an agricultural community. The primary crops are sugar beets, alfalfa, and feed corn. Ranchers raise cattle and sheep. Water for agricultural use comes mostly from the Clark's Fork of the Yellowstone River through several cooperative ditch companies, with water rights dating back 100 years or more. At its peak in the early 1900s, a railway line came into Belfry, with a spur running up to the coal mines in Bearcreek. When the mines closed down and the railway line was removed, Belfry's population dropped to its current level. Currently, the community has a general store, a bar, a restaurant, and a small bar/restaurant/casino.