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.
Newfoundland is an unincorporated area in West Milford, New Jersey, Jefferson Township, and Rockaway Township. It is located along the New York, Susquehanna and Western Railway tracks and Route 23. It is the mailing address of Green Pond, a private lake that is in Rockaway Township. Newfoundland was a popular resort destination at the turn of the century. Several resort hotels including Brown's Hotel and Idylease Inn relied on the railroad to bring guests for the resort season.