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.
Cape May Point is a borough located at the tip of the Cape May Peninsula in Cape May County. It is part of the Ocean City Metropolitan Statistical Area. 241 permanent residents were counted during the United States 2000 Census. Cape May Point is home to the Cape May Light. Cape May Point was called Stites Beach until 1876 when the name was changed to Seagrove. It was incorporated as a borough by an Act of the New Jersey Legislature on April 19, 1878, from portions of Lower Township, based on the results of a referendum held three days earlier. It was reincorporated on August 19, 1891 and returned to Lower Township on April 8, 1896. Cape May Point re-emerged as an independent municipality on April 6, 1908, based on the results of a referendum held on April 21, 1908.