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.
Truchas is an unincorporated community in Rio Arriba County, New Mexico, United States. Located on the scenic High Road to Taos, it is halfway between Santa Fe in the south, and Taos to the north. Truchas has the ZIP code 87578. The 87578 ZIP Code Tabulation Area, which includes the nearby village of Cordova, New Mexico, had a population of 1205 at the 2000 census.