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.
Timberon is a census-designated place (CDP) in Otero County, New Mexico and is within the Sacramento Mountains at the southern edge of the Lincoln National Forest, directly north of the Fort Bliss Military Reservation. The population was 309 at the 2000 census. Timberon has a 9-hole golf course, as well as a lodge, a pool, a church, an airstrip and a volunteer fire department. The residents consider it a retirement and resort community.