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.
New Vernon is an unincorporated area located in Harding Township in Morris County, New Jersey, United States. The village is within the boundaries of Harding Township along with a portion of Green Village. It is the location of the governmental offices for Harding Township. The area is served as United States Postal Service ZIP code 07976 which is identified as being New Vernon. As of the United States 2000 Census, the population for Zip Code Tabulation Area 07976 was 729. Forbes magazine ranked New Vernon, New Jersey — ZIP code 07976 — as one of the 25 most "expensive" zip codes in the country.