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.
Summit is a town in Schoharie County, New York, United States. The population was 1,123 at the time of the 2000 census. The name is derived from a peak (Mt. Wharton) that was thought to be the highest elevation in the county. The Town of Summit is on the western border of the county and is northeast of Oneonta. The Lake View House – A 100 plus year old, allegedly haunted, Hotel, Restaurant and Pub located on Sawyer Hollow Road in Summit. The Lake View House, which closed in 2007 was the only venue in Schoharie County that featured "punk rock" and other out of the mainstream bands, such as skeletonbreath, Scary Crick, The Rubes, The Vader Mountain Boys, The Zydepunks, Mischief Brew, Trabant, Spidey and the Webs and more. It is home to sports legend Kelsea Suchocki who is a national champion in wrestling. It is also the site of the new Finnegan's Wake Music Festival, scheduled for July 28, 2007.