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.
Spring Valley, incorporated on July 9, 1902 is a village in the Town of Ramapo in Rockland County, New York, United States located north of Nanuet; east of Airmont and Monsey; south of Hillcrest and west of West Nyack. The population was 25,464 at the 2000 census. The Village of Spring Valley is on the border of two towns and spans the east town line of the Town of Ramapo, which is the west town line of the town of Clarkstown. The village is next to the New York State Thruway and is served by a Metro-North commuter rail station at the terminus of the Pascack Valley Line. Spring Valley is 22 miles north of Manhattan, and five miles north of the New Jersey border. Spring Valley is considered to be one of the more urban communities in Rockland County. Home to Rockland Community College - Spring Valley Extension