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.
Cloudcroft is a village in Otero County, New Mexico and is within the Lincoln National Forest. The population was 749 at the 2000 census. At 8,600 feet (2,600 m) above sea-level in an otherwise arid region, the mild summer makes it a popular tourist attraction in West Texas and New Mexico. It was named by Fodors in 2002 as the Number 3 "Most Overlooked and Underrated Destination Spot. " Tourism remains the primary economic driver of the village. Two large ground terminals for the Tracking and Data Relay Satellite System are located near Cloudcroft, and are a source of high-technology employment. Several communities linked with Cloudcroft: Weed, Lost Lodge, Sunspot, Mayhill, Piñon, and Timberon.