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.
Glenwood is an unincorporated community in Catron County, New Mexico, United States. Founded in 1878 as Bush Ranch, today the town is home to approximately 300 residents. Located near the San Francisco River, Glenwood is 65 miles northwest of Silver City on U.S. Route 180, and is 39 miles south of Reserve.