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.
Pony is an unincorporated community in northeastern Madison County, Montana, United States on the eastern edge of the Tobacco Root Mountains. In the late nineteenth century, Pony was a prosperous gold-mining community with at least 5,000 residents. A number of historic buildings from Pony's boom era remain in the old town today. Former Montana Lieutenant Gov. Karl Ohs owned a ranch in Pony, where he died in 2007.