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.
Woodcliff Lake is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 5,745. Woodcliff Lake is also the name of the reservoir that lies primarily within the borough, with a small part of it located in neighboring Hillsdale. The borough is an upscale New York City suburb with most houses on lots of at least 15,000 square feet (1,400 m). It was the world headquarters of Ingersoll Rand until they moved in 2004 and its property was taken over by the North American headquarters of BMW. It is the corporate headquarters of Perillo Tours, which consists of an elaborate Italian palace type structure where Richard Nixon had an office after his Presidency.