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.
Cedar Knolls is an unincorporated area located within Hanover Township in Morris County, New Jersey. It is part of Hanover Township along with Whippany. Though Cedar Knolls has its own post office, many residents have Morris Plains postal addresses, which confuses those seeking to know the borders of Cedar Knolls. The Trailwood section of Cedar Knolls is known for its typically large homes and affluent residents. Residents of Cedar Knolls attend Mountview Road School, which also has a Morris Plains postal address.