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.
Mayhill is a small unincorporated community in Otero County, New Mexico, United States. It is surrounded by the Lincoln National Forest on the eastern slope of the Sacramento Mountains, at the confluence of James Canyon and Rio Penasco, about 17 miles east of Cloudcroft. Elevation is 6581 feet. Mayhill includes a post office, a restaurant, and a couple of gas stations. The village is almost entirely residential, consisting largely of vacation homes and summer cabins. Farming and ranching are also important economic activities in the area.