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.
Norwich is a city in Chenango County, New York, United States. Surrounded on all sides by the Town of Norwich, the city is the county seat of Chenango County. The name is taken from Norwich, Connecticut. Its population was 7,355 at the 2000 census. Lt. Warren Eaton Airport (OIC), serving the area, is located north of the city in the Town of North Norwich.