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.
Ringwood is a borough in Passaic County, New Jersey, United States. As of the United States 2000 Census, the borough population was 12,396. It is the home of Ringwood State Park which contains the State Botanical Garden, the Shepherd Lake Recreation Area, and Skylands and Ringwood Manors. The Borough of Ringwood was incorporated by an Act of the New Jersey Legislature on February 23, 1918, from a "portion of the Township of Pompton", as one of three boroughs formed from Pompton Township, joining Bloomingdale and Wanaque, based on the results of a referendum held on March 22, 1918. The first organizational meeting of the Borough Council took place in the existing Borough Hall on May 6, 1918