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.
Gilbertsville is a village in Otsego County, New York, United States. The population was 375 at the 2000 census. The village is named after its founder, and early landowner Abijah Gilbert of Nuneaton, England, father of the eponymous United States Senator from Florida. The Village of Gilbertsville is in the Town of Butternuts and is west of Oneonta.