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.
Milford is a Borough located in western Hunterdon County, New Jersey. As of the United States 2000 Census, the borough population was 1,195. Milford was incorporated as a borough by an Act of the New Jersey Legislature on April 15, 1911, from portions of Holland Township, based on the results of a referendum held on May 8, 1911. The borough's incorporation was confirmed on March 13, 1925. Milford is located on the Delaware River in the western portion of Hunterdon County, known as the Hunterdon Plateau. The Borough dates to the mid-18th century when a grist mill was established here. After the mill was destroyed by fire in 1769, the settlement became known as Burnt Mills. The town became commonly known as "Millford" by the beginning of the 19th century, but by 1844 the name had lost an "L". It was incorporated in 1911 but the official incorporation was not registered until 1925.