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.
Dorchester is an unincorporated area within Maurice River Township. The area is served as United States Postal Service ZIP code 08316. As of the United States 2000 Census, the population for ZIP Code Tabulation Area 08316 was 283. Shipbuilding has always been the principal industry in Dorchester, and the A.J. Meerwald, the state ship of New Jersey, was built here.