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.
Miami is an unincorporated community in Colfax County, New Mexico, United States. Miami lies on State Road 21 and is in between Springer and Sunny Side. The community includes about 6 homes and 8 ranches. Miami is about 8 miles (13 km) southeast of the Philmont Scout Ranch base camp, but is only about 4 miles (6.4 km) from the Rayado campsite. Miami was named by its founders after Miami, Ohio and was originally called Miami Ranch. Miami Lake, a private man-made reservoir, located just off State Road 21, six miles (10 km) due west of the community, was part of the Miami Project of the Farmers Development Company which purchased 20,000 acres (81 km) in the area in 1906.