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.
Tularosa is a village in Otero County, New Mexico, United States. It shares its name with the Tularosa Basin, in which the village is located. To the east, Tularosa is flanked by the western edge of the Sacramento Mountains. The population was 2,864 at the 2000 census. The village, north of the much larger Alamogordo, is experiencing moderate growth and construction, especially in the housing industry.