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.
This article is about the community in New Jersey. For the article about the city in Lehigh Valley, Pennsylvania, see: Allentown, Pennsylvania. Allentown is a Borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 1,882. The 2006 census estimated population was 1,847. Allentown was incorporated as a borough by an Act of the New Jersey Legislature on January 29, 1889, from portions of Upper Freehold Township, based on the results of a referendum held that day. Allentown's shopping district has antique and specialty shops, as well as restaurants. Many historic homes and historic buildings are located in the borough. The borough received the 'Village Center' designation in 2002.