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.
Olmstedville is a hamlet in the town of Minerva in Essex County, New York, United States, in Adirondack Park. Historically, it has been the largest settlement in the town of Minerva. Today, it has its own post office and Minerva Central School is located there. One of two stations of Minerva Fire & Rescue is also located in Olmstedville. Community still remains as a largest hamlet in the town.