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.
Ilion is a village in Herkimer County, New York, United States. The population was 8,610 at the 2000 census. Ilion is a name for the ancient city of Troy. The Village of Ilion is at the north town line of the Town of German Flatts. The Erie Canal is north of the village.