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.
Millburn is a township in Essex County, New Jersey, United States. As of the United States 2000 Census, the township population was 19,765. Millburn Township was created as a township by an act of the New Jersey Legislature on March 20, 1857, from portions of Springfield Township. Millburn also includes the hamlet of Short Hills. Millburn comprises the historic Wyoming district, and South Mountain and Millburn Center areas. Short Hills contains the sections of Knollwood, Glenwood, Brookhaven, Country Club, Merrywood, Deerfield-Crossroads, Mountaintop, White Oak Ridge, and Old Short Hills Estates. Millburn is near South Mountain Reservation, The Mall at Short Hills and the suburban towns of South Orange, Maplewood, Livingston, and Summit. Millburn is also home to the Paper Mill Playhouse, a 70-year-old regional theater. New Jersey Monthly magazine ranked Millburn as the 53rd best place to live in New Jersey in its 2008 rankings of the "Best Places To Live" in New Jersey. Millburn also has the dubious distinction of having the highest annual property tax rate in the US. In 2009, it was $19,097.