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.
Valmy is an unincorporated town in Humboldt County, Nevada, named after the Battle of Valmy in France. It is home to three major mining complexes, many workers of which live in the town's residential area and for which the town acts as a services base. Overlooking the Old California Emigrant Trail, Valmy was named after the Battle of Valmy in France. Established in 1910 by the Southern Pacific Railroad Company as a section point, Valmy served during the steam era as a water and fuel stop for the railroad. Treaty Hill to the northwest marks a division point between the Paiute lands to the west and Shoshone lands to the east. For generations the scene of battles over two springs, Treaty Hill marks the site where peace was wrought by compromise, when two chiefs sat down and divided springs and territory between the warring tribes. The first postoffice here was established as Stonehouse on November 26, 1890. The name was changed to Valmy March 24, 1915.