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.
Norwood is a village located in St. Lawrence County, New York. As of the 2000 census, the village had a total population of 1,685. The Village of Norwood is on the town line of two towns so that it is partly in the Town of Potsdam and partly in the Town of Norfolk. The village is north of Potsdam.