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.
Archer is an unincorporated community in northwestern Merrick County, Nebraska, United States. It lies along local roads south of Nebraska Highway 92, northwest of the city of Central City, the county seat of Merrick County. Its elevation is 1,742 feet (531 m), and it is located at 41°9′55″N 98°8′9″W / 41.16528°N 98.13583°W / 41.16528; -98.13583 (41.1652914, -98.1358939). The community is named for Robert T. Archer. Although Archer is unincorporated, it has a post office, with the ZIP code of 68816.