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.
Richfield Springs is a village located in the Town of Richfield, on the north-central border of Otsego County, New York. The population was 1,255 at the 2000 census. The name is derived from some local sulfur springs. The Village of Richfield Springs is in the northeast part of the town on US Route 20. Routes 22, 25, and 28 also converge on the community.