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.
Carlstadt is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 5,917. Carlstadt was originally formed as a village by an Act of the New Jersey Legislature on March 12, 1860, within Lodi Township. It was named after Dr. Carl Klein, the leader of a group of early German settlers. The Borough of Carlstadt was incorporated on June 27, 1894, formally set off from Bergen Township, at the height of the Boroughitis phenomenon then sweeping through Bergen County.