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.
Olean is a city in Cattaraugus County, New York, United States. Olean is the largest city in Cattaraugus County, and serves as the financial, business, transportation and entertainment center of the county. It is one of the principal cities of the Southern Tier region of New York. The city is surrounded by the Town of Olean and is located in the southeastern part of the county. The population was 15,347 at the 2000 census. The 2006 population estimate by the U.S. Census Bureau is 14,584.