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.
Wharton is a Borough in Morris County, New Jersey, United States. As of the United States 2000 Census, the borough population was 6,298. What is now Wharton was originally incorporated as the borough of Port Oram by an Act of the New Jersey Legislature on June 26, 1895, from portions of Randolph Township and Rockaway Township, subject to the results of a referendum passed on the previous day. The name was changed to Wharton as of April 16, 1902, based on a referendum held that day.