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.
Maljamar is an unincorporated town in Lea County, New Mexico, United States. The zip code is 88264. It is close to Hobbs and Carlsbad. According to legend, Maljamar's founder William Mitchell named the town after his three children Malcom, Janet and Margaret. Maljamar is the town where Michael Scofield steals supplies in Bolshoi Booze, an episode of the television series Prison Break.