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.
Hauppauge is a hamlet in the Town of Islip and the Town of Smithtown in Suffolk County, New York, United States. At the headwaters of the Nissequogue River, it derives its name from the Native American term for "overflowed land. " The Hauppauge Industrial Park, located at the edge of the hamlet, is the largest on Long Island, and by some accounts the second largest in the nation. The park has over 1,300 companies, and employs over 55,000 Long Islanders. The companies in the industrial park provide the tax revenue that makes up the bulk of the Hauppauge school district's budget. As a result, school taxes for residents are relatively low, while the budget for schools is actually higher than usual. It is noted for its well-funded schools, with multiple internet-accessible computers in every classroom and many after-school activities, including a drama club with over 200 members.