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.
Loch Sheldrake is a hamlet in the Town of Fallsburg, New York in Sullivan County, New York. The zipcode for Loch Sheldrake is 12759. The community was originally named Sheldrake Pond after a deep glacially formed pond which forms the center of town. It is bordered by the hamlet of Hurleyville, the Town of Liberty, the hamlet of Hasbrouck, the hamlet of Divine Corners, and the hamlet of Woodbourne. The commercial center of Loch Sheldrake is the intersection of County Road 104 and NYS Route 52, at the edge of Sheldrake Pond. In its heyday as a Catskills Borscht Belt resort it was home to numerous hotels, bungalow colonies and boarding houses. Some of the best known of these were the Brown's Hotel, where comedian Jerry Lewis worked; the Evans Hotel, and the Karmel Hotel, now Stagedoor Manor, a renown performing arts summer camp. It is also the home of Sullivan County Community College and the Lochmor Golf Course.