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.
Atlantic City is a city in Atlantic County, New Jersey, United States. Famous for its boardwalk, casino gambling, sandy beaches, shopping centers, view of the Atlantic Ocean, and as the inspiration for the board game Monopoly, Atlantic City is a resort community located on Absecon Island on the Atlantic coast of North America. As of 2008, the city has a population of 35,770, with 266,268 people living in the Atlantic City–Hammonton metropolitan statistical area. Other municipalities on the island are Ventnor City, Margate City, and Longport. The main routes into Atlantic City are the Black Horse Pike, White Horse Pike and the Atlantic City Expressway. Atlantic City borders Absecon, Brigantine, Pleasantville, Ventnor and West Atlantic City (part of Egg Harbor Township). Atlantic City was incorporated on May 1, 1854 by an act of the New Jersey Legislature. The new city contained portions of Egg Harbor Township and Galloway Township. Atlantic City contains distinct neighborhoods or districts. The communities are known as: The North Inlet, The South Inlet, Bungalow Park, the Marina District, Venice Park, Downtown (Midtown), Ducktown, Chelsea, and Chelsea Heights.