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.
Matawan is a borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 8,910. Matawan is part of the Bayshore Regional Strategic Plan, an effort by nine municipalities in northern Monmouth County to reinvigorate the area's economy by emphasizing the traditional downtowns, dense residential neighborhoods, maritime history, and the natural beauty of the Raritan Bayshore coastline. Matawan was formed as a borough on June 28, 1895, from portions of Matawan Township, based on the results of a referendum held that day. Matawan expanded with portions of Matawan Township in 1931 and 1933, and from Madison Township in 1939. Town was founded by Dutch in 17th century (Matawan celebrated a TriCentennial in 1980s). Scotch Irish settlers from New Hampshire later named town New Aberdeen. It was changed, but neighboring Matawan Township took the name of Aberdeen in 1970s.