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.
Ojo Caliente is a small unincorporated community in Taos County, New Mexico, United States. It lies along U.S. Route 285 near the Rio Grande. The state capital, Santa Fe lies south of Ojo Caliente, which sits between Espanola and Taos, approximately 50 miles southeast of Ghost Ranch. The community is known for its hot springs.