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.
Craig is a village in Burt County, Nebraska, United States. The population was 241 at the 2000 census. The village was established as a water-station on the Chicago, St. Paul, Minneapolis & Omaha Railway and named for early settler William Stewart Craig, who in the early 1880s donated the land on which the town was built.