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.
Lincoln is an unincorporated community in Lincoln County, New Mexico, United States, located approximately 57 miles (92 km) west of Roswell (by road) and just south of the Lincoln National Forest. The town had a population of about 800 in 1888, and Main Street has been beautifully preserved by current residents. The community lies on U.S. Route 380. Originally called Las Placitas del Rio Bonito by the Spanish families who settled it in the 1850s, the name of the community was changed to Lincoln when Lincoln County was created in 1869. Lincoln was at the center of the Lincoln County War, 1876-1879, and is the historical home of Billy the Kid. The village holds an annual festival in August featuring an open-air enactment of The Last Escape of Billy the Kid.