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.
El Prado is an unincorporated suburb of Taos, in Taos County, New Mexico, United States. El Prado is located at latitude 36.449 and longitude 105.576. It is bounded on the east by the town of Taos, and to the north by Taos Pueblo lands. The elevation is 7,123 feet. El Prado has a post office, with the ZIP code 87529. The 87529 ZIP Code Tabulation Area had a population of 2,727 at the 2000 census.. El Prado ZCTA had 1,622 housing units; a land area of 18.89 sq. miles; a water area of 0 sq. miles; and a population density of 144.40 people per sq. mile at Census 2000.