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.
Manhattan is a small town in Nye County, Nevada located on State Route 377 about 50 miles north of Tonopah, the county seat, off State Route 376. It originally was founded in 1867 as part of the silver mining boom and then, in 1905, as part of the gold boom when "4,000 people flood(ed) into the region". The Nye and Ormsby County Bank, the only stone structure to be built in the town, was erected in 1906, but a decline followed the 1906 San Francisco Earthquake and the "1907 depression" . The bank was forced to close. However, another boom in 1909 resulted in mining continuing into the late 1940s. Major mining operations opened and operated through the 1970s to the 1990s but production has relatively recently scaled back significantly .