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.
Oradell is a borough in Bergen County, New Jersey, United States. At the United States 2000 Census, the borough population was 8,047. The borough's territory includes a dam on the Hackensack River that forms the Oradell Reservoir. Oradell was originally formed on March 8, 1894, as the Borough of Delford, from portions of Harrington Township, Midland Township and Palisades Township, at the height of the Boroughitis phenomenon then sweeping through Bergen County. The name Delford was a portmanteau created from the names of two communities within the new borough: Oradell and New Milford. On November 12, 1920, the borough's name was officially changed to "Oradell", based on the results of a referendum held ten days earlier.