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.
Odessa is a village in Schuyler County, New York, United States. The population was 617 at the 2000 census. The Village of Odessa is in western side of the Town of Catharine near the town line and is shared with the Town of Montour. Odessa is north of Elmira, New York.