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.
Maxwell is a village in Colfax County, New Mexico, United States. The population was 274 at the 2000 census. Unlike nearby Springer, the village has been losing population due to the rural exodus. Maxwell was established in 1879 as a railroad town on the Atchison, Topeka, and Santa Fe. It was named in honor of Lucien Maxwell, who provided the land for the original townsite from his Maxwell Land Grant.