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.
Ridgewood is a village in Bergen County, New Jersey, United States. As of the United States 2000 Census, the village population was 24,936. The village is an upper-middle class enclave in Northwest Bergen County. The Village of Ridgewood was created on November 20, 1894, with the same boundaries as Ridgewood Township. The Village became the municipal government while the Township remained as a school district. In 1902, the village added portions of Orvil Township, which were returned to Orvil Township in 1915. In 1925, Ridgewood Village acquired area from Franklin Township (now Wyckoff). On February 9, 1971, Ridgewood Village acquired area from Washington Township. On May 28, 1974, it acquired area from Ho-Ho-Kus. In 1700, Johannes Van Emburgh built the first home in Ridgewood. New Jersey Monthly magazine ranked Ridgewood as the 61st best place to live in New Jersey in its 2008 rankings of the "Best Places To Live" in New Jersey.