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.
Cassadaga is an incorporated village located in Chautauqua County, New York, in the United States. The village is located within the northeast corner of the Township of Stockton, east of the village of Stockton, south of and immediately adjacent to Lily Dale in the Town of Pomfret, and north of the village of Sinclairville.