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.
See also New Hyde Park for the village on Long Island; there is also a hamlet named Hyde Park in Otsego County, near Cooperstown, New York. Hyde Park is a town located in the northwest part of Dutchess County, New York, United States, just north of the city of Poughkeepsie. The town is most famous for being the birthplace of U.S. President Franklin D. Roosevelt. The population was 20,851 at the 2000 census. US 9 passes through the town near the Hudson River. Hyde Park is the location of the Culinary Institute of America, a residential college devoted to cooking and baking.